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The government approved the “road map” for the development of the KXan 36 petrochemical complex Diario

Date: February 26, 2024 Time: 20:26:56

“On behalf of the head of state, we are expanding support for the development of petrochemical groups. This applies mainly to the Arctic zone, very close to the resource base,” he said.

In the polar latitudes there are large natural reserves of raw materials, including oil and gas. The President emphasized the importance of creating modern production facilities for its processing.

Mishustin noted that such a decision would provide a multiplier effect for a number of related industries and contribute to long-term economic growth.

Deputy Prime Minister Alexander Novak, at his request, spoke about the updated action plan for the development of the petrochemical complex until 2025. According to him, the most important task is to ensure the import substitution of equipment and consumer goods made of plastic.

Thanks to agreements for the creation of new petrochemical facilities and support measures, the volume of production of large-capacity polymers increased by 25% in three years. This, as Novak pointed out, made it possible to avoid dependence on imports in this segment.

Among the goals of the updated action plan is an increase in the production of large tonnage polymers by 34% by 2025.

The updated roadmap provides for the development of transportation and logistics infrastructure, location of equipment, development of petrochemical clusters, and training. An experiment can also be carried out to introduce the labeling of commercial oils and lubricants. The measures, Novak noted, will increase non-commodity non-energy exports.

Mikhail Mishustin asked the Deputy Prime Minister to keep matters related to the development of the industry under personal control. “Russia has significant scientific and industrial potential, which is based on the research of domestic scientists,” the head of government stressed, “and it is necessary to use these developments to the maximum extent in order to strengthen the technological sovereignty of our country. “

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Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.

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