The Ukrainian petrochemicals company Karpatneftekhim, part of Russia's Lukoil Group chemicals division Lukor-Neftekhim, has begun construction of a new PVC plant in Kulush, Ukraine.
Run by Lukoil's Ukrainian Zao Lukor subsidiary, the Kulush-based firm is investing the equivalent of $210m ( 135m) to establish the Ukraine's first PVC production facility with planned capacity of 300,000tpa. The new unit is expected to be completed and operating some time during 2009.
Lukoil, with chemicals plants in Russia, the Ukraine and Bulgaria and polymer and monomer capacity in 2006 of around 798,000tpa, is one of the world's largest vertically integrated oil and gas producing groups.
It has been steadily expanding production of higher added value chemical products over the past five years. The Moscow-based group reported polymers and monomer output grew by about 11% between 2002 and 2006.
PVC demand in Ukraine is set to grow strongly in the current year. In the case of PVC profiles, the market is predicted to expand by more than 28% during 2008, although last year, only 15% of the 140,000tpa consumed in the country came from national producers.
Run by Lukoil's Ukrainian Zao Lukor subsidiary, the Kulush-based firm is investing the equivalent of $210m ( 135m) to establish the Ukraine's first PVC production facility with planned capacity of 300,000tpa. The new unit is expected to be completed and operating some time during 2009.
Lukoil, with chemicals plants in Russia, the Ukraine and Bulgaria and polymer and monomer capacity in 2006 of around 798,000tpa, is one of the world's largest vertically integrated oil and gas producing groups.
It has been steadily expanding production of higher added value chemical products over the past five years. The Moscow-based group reported polymers and monomer output grew by about 11% between 2002 and 2006.
PVC demand in Ukraine is set to grow strongly in the current year. In the case of PVC profiles, the market is predicted to expand by more than 28% during 2008, although last year, only 15% of the 140,000tpa consumed in the country came from national producers.
