Rosneft, Marubeni, MHI conduct feasibility study gas chemical facility in Russia

Rosneft, Marubeni, MHI to conduct feasibility study for gas chemical facility in Russia

10:33 AM, 17th December 2016
Rosneft, Marubeni Corporation and Mitsubishi Heavy Industries logo

MOSCOW, RUSSIA: Rosneft, Marubeni Corporation and Mitsubishi Heavy Industries Ltd (MHI) have signed a cooperation agreement on a joint feasibility study, for a project, to build a gas chemical facility in the Far East of Russia.

The document was signed on the sidelines of Russian President Vladimir Putin's official visit to Japan by Igor Sechin, CEO of Rosneft; Fumiya Kokubu, president and CEO of Marubeni Corporation and Yoichiro Ban, senior vice president of Mitsubishi Heavy Industries.

According to the document signed, Rosneft jointly with its Japanese partners will conduct a feasibility study for a world-class chemical complex to be built with advanced Japanese technologies. The new facility will be located in the Russian Far East. The exact location will be determined upon completion of this joint research.

The construction of a gas chemical facility was selected by the Japanese government as one of the projects to be implemented in Russian-Japanese cooperation. The project will expect financial support from the Japanese ministry of economy, trade and industry.

© Worldofchemicals News

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