Gazprom may find oil for PhosAgro gas chemicals complex in Cherepovets
MOSCOW. Oct 5 (Interfax) - Russian gas giant Gazprom may find gas for the PhosAgro gas chemicals complex in Cherepovets, deputy Gazprom chief Valery Golubev told Interfax.
Per PhosAgro's plans, the complex might be built by 2015, Golubev said. "We will by that time have put the Bovanenkovskoye deposit into operation and the Bovanenkovo-Ukhta-Torzhok trunk gas pipeline to work," he said. Gazprom and PhosAgro's interests coincide both as to timing and possibility, he said. "It is totally possible that they and we will decide to do such a project," he said.
As reported, the gas chemicals complex would be set up around the infrastructure of PhosAgro's Cherepovets companies OJSC Ammophos , OJSC Cherepovets Azot , and CJSC Agro-Cherepovets. At present, PhosAgro outfits in Cherepovets are processing 2 billion cubic meters (bcm) of gas per year. Total investment in creating the gas chemicals complex would be 53 billion rubles spread over ten years. The future facility's processing volume should reach 1.65 million tonnes of ethylene per year.
In creating the complex, plans call for setting up the production of ammonia, melamine, and a future increase in own electrical power generation. The complex will also produce polymer product and plastics.
The project should lead to increased output of high-technology products of the deep and comprehensive processing of raw hydrocarbons - from mineral fertilizers to fine chemicals. Primarily, that would be the production of polymer and composite materials used in the automotive, aviation, and defense industries and medicine - and the replacement of like imported products.
The number of employees at the complex is expected to exceed 2,000. It would contribute additional tax revenues to budgets of all levels that could run to over 4 billion rubles.