Russia's aspirations of petrochemical leadership are fading

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Report summary

Russia approved a development plan in 2012 to rebuild the petrochemical sector after decades of underinvestment. The plan is also seen to help reduce Russia's economic reliance on upstream oil and gas revenues. However, Russia's efforts to develop its petrochemical sector will be hampered by several key factors, such as western sanctions and the devalued rouble. Russia will now have to recalibrate its expectations of increasing its footprint in the global petrochemical market.

What's included

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    Russia's aspirations of petrochemical leadership are fading

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Table of contents

  • Executive Summary
  • Russia's potential to be a major petrochemical producer
  • There is a plan to promote the petrochemical sector and economic diversity
  • Sanctions are the petrochemical sector's biggest threat
  • Sourcing finance will be challenging for new ethylene projects
  • Russian ethylene producers face expensive capital and catalyst imports
  • Feedstock costs for naphtha steam crackers will rise
  • A poor economic outlook doesn't mean lower ethylene production
  • The long-term implications for ethylene, co-product and derivative production

Tables and charts

This report includes 7 images and tables including:


  • Recoverable Reserves by Country (Top 10)
  • Ethylene Production per Capita by Country, 2014
  • Figure 2 – Russian Ethylene Steam Crackers by Location
  • Figure 3 - Russian Operating, Firm and Planned Steam Cracker Capacity 2015-2030
  • Figure 4 – Russian Net Trade Position for Polyolefins (2005-2014)
  • Figure 5 - Factors Impacting Russian Ethylene Projects


  • Table 1 - Russian Steam Cracker Projects (potentially adding 9.62 million tonnes of ethylene)

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