Gazprom intends to acquire 50% in polymer production at Baltic Chemical Complex near Ust-Luga GPP/LNG site
MOSCOW. Jan 10 (Interfax) - The Baltic Chemical Complex (BCC), which is part of the ethane-containing gas processing complex in Ust-Luga, may become a joint project of Gazprom and RusGazDobycha (RGD). At present, RusGasDobycha wholly owns BCC.
The Federal Antimonopoly Service (FAS) announced that it has approved an application by Gazprom to acquire a 50% stake in Baltic Chemical Complex LLC. According to the FAS, the deal will not result in restriction of competition in the chemical industry market, the regulator said.
Gazprom and RusGazDobycha are jointly implementing a gas processing and liquefaction project. The wet, ethane-containing gas supplied to the complex will be purified from the ethane fraction and liquefied, while the ethane will be used by BCC to produce polyethylene.