An increase in the supply of hydrocarbon feedstock at acceptable prices would also stimulate investment in petrochemicals products with a high value-added component (for example, production of plastics and polymers) and help to re-profile the Russian economy away from exporting raw materials in favour of production and export of technology-intensive products.
An increase in gas processing volumes would provide the petrochemicals industry with additional hydrocarbon feedstock: each cubic meter of APG contains, on average, 200-300 g of liquid fraction, from which liquefied petroleum gases and stable gas gasoline can be produced.
It is estimated that up to 400,000 t of hazardous substances are released into the atmosphere each year through flaring of associated gas: carbon dioxide, nitrogen dioxide, carbon, benzopyrene, methane etc. If these emissions can be reduced the health of the natural environment in the oil producing regions will improve and Russia will meet its commitments under the Kyoto greenhouse gas protocol. Furthermore, flaring results in the irretrievable loss of tens of billions of cubic meters of marketable gas.
Associated Petroleum Gas (APG), supplied by oil companies is the basic raw material for the petrochemicals industry. The SIBUR group has consistently supported the goal of utilizing at least 95% of the associated gas produced during oilfield developments.
Associated Petroleum Gas (APG), supplied by oil companies is the basic raw material for the petrochemicals industry.
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