LUKOIL and SNF Floerger break ground for Russia polymer plant
The foundation stone has been laid in Saratov, Russia for the future plant of OOO SNF Vostok (part of SPSM S.A., a holding that owns companies of SNF Group) to produce polymers from acrylonitrile. The groundbreaking ceremony was attended by several top executives and officials, including: Vladimir Nekrasov, first vice president of PJSC LUKOIL; Vadim Vorobyev, vice president for oil refining, petrochemicals and gas processing of PJSC LUKOIL; Valery Radayev, governor of Saratov Region; Rene Pich, general director and owner of SPSM S.A.; and Stanislas Henrion, counsellor for transport, industry and sustainable development of the Embassy of France in Russia.
As the only producer of acrylonitrile in Russia, OOO Saratovorgsintez—a wholly-owned subsidiary of PJSC LUKOIL—will supply feedstock to the future facility of SNF Vostok for the production of polymers that will be used by LUKOIL to enhance oil recovery rates of its fields.
The construction of the polymer plant in a close proximity to LUKOIL's petrochemical facility will reduce costs for transportation of feedstock and end products, as well as facilitate the import substitution of considerable volumes of chemicals.