A socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Roscongress Foundation is a socially oriented non-financial development institution and a major organizer of international conventions; exhibitions; and business, public, sporting, and cultural events. It was established in pursuance of a decision by the President of the Russian Federation.

The Foundation was established in 2007 with the aim of facilitating the development of Russia’s economic potential, promoting its national interests, and strengthening the country’s image. One of the roles of the Foundation is to comprehensively evaluate, analyse, and cover issues on the Russian and global economic agendas. It also offers administrative services, provides promotional support for business projects and attracting investment, and helps foster social entrepreneurship and charitable initiatives.

Each year, the Foundation’s events draw participants from 208 countries and territories, with more than 15,000 media representatives working on-site at Roscongress’ various venues. The Foundation benefits from analytical and professional expertise provided by 5000 people working in Russia and abroad. In addition, it works in close cooperation with 132 economic partners; industrialists’ and entrepreneurs’ unions; and financial, trade, and business associations from 70 countries worldwide.

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Research
14.02.2019

New Projects in Russian Petrochemical Industry

Production volumes of large-tonnage polymers are demonstrating a steady growth on the Russian market. The gas processing sector and the petrochemicals industry are actively developing, with a range of new facilities to be added soon. In Amur Oblast, for example, a gas processing plant is being built which will process multicomponent gas from Yakutia. Methane will be exported to China, while ethane will be supplied to SIBUR’s petrochemical complex which is to be constructed in the vicinity of the Amur plant. ZapSibNeftekhim — Russia’s largest petrochemical complex producing ethylene and polyolefins — is scheduled to commence operation in the nearest future.

The new projects will change the situation at the Russian market for large-tonnage polymers, many segments of which have been declining in recent years. From 2015 to 2017, consumption of high-pressure and low-pressure polyethylene decreased, which led to a drop in prices.

These projects will offer new products on global markets of petrochemicals, most notably the helium market, where Russia may become a major player thanks to the Amur GPP which is to produce up to 60 million cubic meters of commercial helium a year.

These and other projects are intended to enhance Russia’s hydrocarbon industry, making Russia a global leader in petrochemical exports. New projects will also help key industry players diversify their business portfolios.
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