Petrochemical industry

Despite significant raw material potential (2016: more than 540 million tons of oil and 640 billion cubic meters of natural gas produced), Russia has a low profile in the production of basic petrochemical products. The country's share in the international market for polymers remains insignificant (approximately 2% of the total volume of polypropylene production and 1.5% of polyethylene). The petrochemical industry makes up only about 1.5% of Russia's GDP. Accordingly, the main demand for polymers is covered by imports.

At the same time, this demand determines quite a high rate of industrial development, even in difficult circumstances, where the volume of plastic production in Russia exceeded 7 million tons in 2015, and continues to grow steadily. Nevertheless, most of the polymers produced are low-added value products. To reach competitiveness in the production of complex plastics, Russian companies need a forced transfer of foreign technologies to production sites.

Examples of industry projects implemented by the Agency of Technological Development:

  • Aggregation of demand in order to develop the production of maleic anhydride and processing products
  • Production of cellulose ethers (assistance in financing) 
  • Technological localization for the production of petrochemical equipment (development of a product strategy, search for technological solutions, aggregation of demand, assistance in financing, and the search for government support measures)


Dmitry Bulavin

Managing Director

In charge of projects in: machinery, petrochemistry and electronic engineering.

Career history: Candidate of Economic Sciences, Director General of the IPOboard site, Managing Director for the global capital market at Schildershoven Finance B.V., has over 20 years of experience in the implementation of large projects in investments and project financing.