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Gazprom, which plans to build a 40 billion cubic meters of gas and 2.
1 million tons of PE plant
in Yamal, is evaluating a polyethylene production project based on the Bovanekovo gas field on Russia's Yamal Peninsula, with a preliminary estimated investment of about $14.
1 billion, with about 70 percent of the investment to be financed
by debt.
The project includes the construction of two megaplants – a gas processing plant and a gas chemical plant
.
The natural gas processing plant is expected to have a capacity of 40 billion cubic meters and require an investment of $4.
3 billion; The natural gas chemical plant is expected to have a capacity of 2.
1 million tons per year of polyethylene (PE) and will require an investment of USD 9.
8 billion
.