16-02-2016
Lukoil starts up new gas processing unit in Budennovsk
Today, Deputy Prime Minister of the Russian Federation Arkady Dvorkovich, President of PJSC LUKOIL Vagit Alekperov and Stavropol Region Governor Vladimir Vladimirov took part in the official startup of the first phase of the gas processing unit at the Stavrolen plant in Budennovsk.
This project will make it possible for LUKOIL to fully utilize associated petroleum gas produced from the fields in the Northern Caspian, supply own gas to new power generation facilities of the LUKOIL Group in the Stavropol Region and begin production of petrochemicals. A part of this associated petroleum gas will be processed to produce polyethylene and polypropylene which in turn will stimulate the development of small and mid-sized plastics processing businesses in the region. The capacity of the plant is 2.2 bcm of raw gas per year.
“The startup of this gas processing plant by LUKOIL is especially symbolic in the beginning of the year when the Company celebrates its 25th anniversary and is not only an important event for the region but also an excellent example of the consistent and sound investment decisions across the country,” said Deputy Prime Minister of the Russian Federation Arkady Dvorkovich.
“The startup of the first phase of the gas processing unit at Stavrolen plant is one of a wide range of projects which LUKOIL plans to put in operation in 2016. I am sure that each of them will have a significant impact not only on the economic development of the Company but also on the respective regions where they are located,” - noted President of PJSC LUKOIL Vagit Alekperov.
“Today good economic news is as good as gold and for us it is very important that this news comes from the Stavropol Region. The startup of the gas processing unit in Budennovsk gives evidence of the fact that the region continues implementing its key development plans and that the industrial sector remains a solid foundation for the growth of our economy. LUKOIL is a strategic investor for our region and a social and economic driving force for its eastern areas. Investments, taxes and jobs for our people are exactly what we need today above all things. Cooperation with LUKOIL and other strategic partners of the Stavropol Region helps us achieve that”, - said Stavropol Region Governor Vladimir Vladimirov.
News Category:
-
Beyond processbook & PI vision: Exploring today’s industrial analytics tools
(Webinar) - In the Manufacturing 4.0 era, industrial organizations have more data at their fingertips than ever, offering the promise of higher production rates, more ...
04-06-2024
-
Sasol provides state of the art catalysts to INERATEC for the production of sustainable e-fuels
The catalysts will be used, among others, in the first large-scale industrial Power-to-Liquid (PtL) plant that INERATEC is currently building in Frankfurt, Germany, which ...
24-04-2024
-
Baker Hughes to supply 17 centrifugal compressors to Saudi Master Gas System project
Baker Hughes, an energy technology company, announced Tuesday that it has received an order by Worley, for and on behalf of Aramco, to supply gas technology equipment ...
23-04-2024
-
SABIC Fujian Petrochemicals select Phenol yechnology from KBR
KBR announced today it has been awarded a contract by SABIC Fujian Petrochemicals to license KBR's market-leading phenol technology in China. Under the terms of the ...
22-04-2024
-
Lummus Expands R&D capabilities to enhance innovation and water and wastewater technologies
Lummus Technology, a global provider of process technologies and value-driven energy solutions, announced the opening of its cutting-edge research and development (R&D) ...
17-04-2024
-
Clariant launches new CATOFIN® 312 propane dehydrogenation catalyst
Clariant, a sustainability-focused specialty chemical company, today announced the launch of CATOFIN 312, its latest propane dehydrogenation catalyst. The new catalyst ...
16-04-2024
-
Yokogawa and GridBeyond conclude investment and strategic partnership agreements
Yokogawa Electric Corporation and energy IT solutions provider GridBeyond of Ireland announce that they have concluded a strategic partnership agreement. Furthermore, ...
16-04-2024
-
Heraeus Precious Metals launches Circlear
Heraeus Precious Metals, a globally leading company in the precious metals industry and one of the largest recyclers of precious metals, has introduced its new offering ...
16-04-2024
-
EMA and JERA to cooperate on LNG procurement and supply chains
The Energy Market Authority and JERA Co Inc, have signed a Memorandum of Understanding to cooperate on mutually beneficial areas in liquefied natural gas procurement ...
16-04-2024
-
Hexagon and Dragos unveil technical partnership to strengthen industrial cybersecurity
Hexagon’s Asset Lifecycle Intelligence division today announced a strategic partnership with Dragos, a global leader in cybersecurity for operational technology (OT). ...
16-04-2024