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According to Neftegaz.
The project is implemented in accordance with an agreement reached with the Russian Ministry of Energy, which stipulates that investment incentives will be provided before January 1, 2031 as part of the negative excise tax on refining raw materials
The raw material production capacity of the comprehensive facility will reach 1.
The complex will include a catalytic cracking unit, a high-octane gasoline component unit and infrastructure
A notable feature of this new device is the high adjustable propylene output
The plant is scheduled to start production in 2026, when it will increase the production of high-octane gasoline and start producing polymer-grade propylene, which will be used as a raw material for Lukoil's petrochemical facilities
Lukoil is the first company in Russia to start specializing in the production of gasoline and diesel that meets EU 5 standards, and meets the conditions of the Russian refinery upgrade plan under the four-party agreement between the Russian authorities and the vertically integrated oil company
The company continues to upgrade its refineries in Russia
In 2021, Lukoil completed the construction of a high viscosity index lubricant production complex in Volgograd, and opened the PENEX isomerization unit and polymer asphalt binder production unit at the Nizhny Novgorod refinery
The Nizhny Novgorod refinery plans to launch a delayed coking unit before the end of 2021