FEPCO, a subsidiary of Rosneft, was created in 2011 to build the petrochemical project in the Primorsk region near the Pervostroyiteley village in Nakhodka City District.
Under the MOU, both the companies will cooperate in the engineering design of the petrochemical complex in accordance with international practices.
The final investment decision on FEPCO construction will be made after the results of the engineering design cooperation.
Rosneft’s project is expected to manufacture polymers (polyethylene and polypropylene) and other petrochemical products.
The FEPCO project will be set up with a processing capacity of 3.4 million tons (MT) of hydrocarbon feedstock per year. The primary feedstock will be naphtha.
The capacity of ethylene and propylene production unit is planned at 2MT per year.
Rosneft president and chairman Igor Sechin said, "Implementation of the project in cooperation with Mitsui will enable us to optimize
the petrochemical complex and use the best global practices of constructing plants of similar scale."
Feedstock for the plant will be supplied by Rosneft’s Achinsk and Komsomolsk refineries and the Angarsk Petrochemical Company.
FEPCO complex is expected to be launched in 2017.
