Rosneft and Mitsui signed MOU for Nakhodka complex
During the visit of Prime Minister of Japan Shinzo Abe to Russian President Vladimir Putin on April 29th, 2013, the Russian oil and gas and petrochemical giant OJSC NK ROSNEFT (Rosneft) and the Japanese conglomerate Mitsui & Co., Ltd (Mitsui) inked a memorandum of understanding (MOU) to develop jointly the FEPCO petrochemical complex at Dakhodka in the Russia far east.
In 2011, Rosneft established a wholly-owned subsidiary called ZAO Vostochnaya Neftechemicheskaya (VNHK) to develop a petrochemical complex at Pervostroiteley, in the urban district of Nakhodka, close to Vladivostock in the Primorsky region of the Russian far east.
The purpose of the FEPCO project is to develop a petrochemical complex to cover the needs of Russia and neighboring countries in the far east for polymers and a large scope of hydrocarbon derivatives.
The location close to Nakhodka has been selected as it will benefit from its own sea terminal giving access to an ice-free port.
This Angarsk Petrochemical complex has been developed in the same time as the upgrading of the Angarsk Refinery in order to increase its flexibility in the balance of deliveries between transportation fuels and naphtha for the petrochemical applications.
With this capacity, the FEPCO petrochemical complex will rank among the world-scale projects with the some production units to be listed in the top largest ones globally.
– 1.4 million t/y of ethylene
– 0.6 million t/y of propylene
– Optimize the processes
– Integrate most advanced technologies
– Manage such large scale and complex project
– Implement the current best practices to build and operate such facilities
Ineos to provide Rosneft FEPCO with Innoven licenses
– Mono and bimodal High density polyethylene (HDPE) with the slurry technology Innovene S
Through this technological cooperation with the most knowledgeable companies in the world such as Ineos and Mitsui, Rosneft is expecting to deploy its petrochemical branch downstream into the high added value polymers.