{"id":3547,"date":"2017-06-13T07:58:11","date_gmt":"2017-06-13T07:58:11","guid":{"rendered":"http:\/\/polymers.com.ua\/?p=3547"},"modified":"2017-06-13T07:58:11","modified_gmt":"2017-06-13T07:58:11","slug":"%d0%ba%d0%b0%d1%80%d0%bf%d0%b0%d1%82%d0%bd%d0%b5%d1%84%d1%82%d0%b5%d1%85%d0%b8%d0%bc-%d0%b2%d0%be%d0%b7%d0%be%d0%b1%d0%bd%d0%be%d0%b2%d0%b8%d0%bb-%d0%bf%d1%80%d0%be%d0%b8%d0%b7%d0%b2%d0%be%d0%b4%d1%81","status":"publish","type":"post","link":"https:\/\/polymers.com.ua\/en\/%d0%ba%d0%b0%d1%80%d0%bf%d0%b0%d1%82%d0%bd%d0%b5%d1%84%d1%82%d0%b5%d1%85%d0%b8%d0%bc-%d0%b2%d0%be%d0%b7%d0%be%d0%b1%d0%bd%d0%be%d0%b2%d0%b8%d0%bb-%d0%bf%d1%80%d0%be%d0%b8%d0%b7%d0%b2%d0%be%d0%b4%d1%81\/","title":{"rendered":"Karpatneftekhim resumed production"},"content":{"rendered":"

\"i\"<\/a>The largest petrochemical plant in Ukraine, Karpatneftekhim (Kalush, Ivano-Frankivsk region), on June 9, resumed work after five years of downtime, the company’s press service said.<\/p>\n

The whole production complex will be put into operation in the middle of June, and in July it should reach full capacity – 250 thousand tons of ethylene in annual equivalent.<\/p>\n

“Preparatory works started in February of this year and were carried out in all production facilities.” The raw material for processing is straight-run gasoline, “reports Karpatneftekhim.<\/p>\n

The launch of production after five years of idleness took place due to the introduction in Ukraine of the world practice of taxing petrochemical raw materials, the company said earlier. In December 2016, the Tax Code of Ukraine expanded the list of raw materials subject to a zero excise tax rate in the case of further processing.<\/p>\n

Liquefied gases and butane were added to straight-run gasolines and diesel fuel. By Resolution No. 229 of April 26, 2017, the government determined for the Karpatneftekhim quota for the supply of raw materials: liquefied gas – 1070 million liters per year; Straight gasoline – 1 170 million liters per year; Diesel fuel – 985 million liters per year. The processing of each of these volumes can ensure the release of 250 thousand tons of ethylene per year.<\/p>\n

In Karpatneftekhim declare a zero probability of misuse of raw materials, supplied on preferential terms.<\/p>\n

“The system for controlling the processing of raw materials and the release of ethylene completely excludes the misuse of raw materials.” The plant is equipped with a tax post of the State Fiscal Service, for each batch of raw materials, Karpatneftekhim will issue a bank bill with maturity after the release of ethylene. Used raw materials and products, “the company noted.<\/p>\n

As previously reported in the Market Report, in February 2017, Lukoil completed a deal to sell a 100% stake in LUKOIL Chemical B.V. (Netherlands), which belongs to Karpatneftekhim. Techinservice Limited bought from Lukoil up to 50% of Karpatneftekhim. The amount of the entire transaction was USD25 million.
\nThe second indirect owner of over 50% in OOO “Karpatneftekhim” through the Cyprus Xedrian Holding Ltd was Lukoil manager in Ukraine Ilham Mammadov.<\/p>\n

The production at Karpatneftekhim was terminated in September 2012. Earlier, the plant repeatedly noted the existence of problems in the activities due to the state’s debts for the reimbursement of export VAT and dumping of foreign, in particular, American producers of PVC – one of the main commodity positions of the Karpatneftekhim.<\/p>\n

Karpatneftekhim (Kalush, Ivano-Frankivsk region) – was a subsidiary of LUKOIL-Neftekhim and is the largest producer of polymers in Ukraine. The company produces polyolefins (ethylene and propylene), polyethylene, chlorine, polyvinyl chloride and caustic soda. The enterprise’s capacities allow producing 300 thousand tons of ethylene, 100 thousand tons of HDPE, 180 thousand tons of caustic soda and 300 thousand tons of PVC per year.<\/p>","protected":false},"excerpt":{"rendered":"

The largest petrochemical plant in Ukraine, Karpatneftekhim (Kalush, Ivano-Frankivsk region), on June 9, resumed work after five years of downtime, the company’s press service said. The whole production complex will be put into operation in the middle of June, and in July it should reach full capacity – 250 thousand tons of ethylene in annual […]<\/p>\n

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