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Petro-Gas Chemistry in Russia’s East: Growth Driver or Ballast?

Petro-Gas Chemistry in Russia’s East: Growth Driver or Ballast? —The article discusses problems in the development of petro-gas (petroleum) chemistry in Russia’s East. The main modern features of the Russian petrochemical industry and key forks of further development are considered, taking into account the alternative of the domestic and foreign markets. Both sectoral and regional aspects of new projects are analyzed compared to the current foreign approaches to including petrochemicals in socioeconomic development of territories. A typical (model) project involving polymers for the conditions of the Far East is assessed from an economic standpoint, demonstrating its lagging efficiency due to high costs. The technological lag of the Russian petrochemical industry has been noted as one of the most important related problems, and some ways of overcoming it via import substitution combined with effective cooperation with foreign partners are indicated, including formation of industrial petrochemical clusters in the eastern regions of the country. The authors conclude that it is necessary to strengthen the coordinating role of the state in implementing expensive petroleum chemical projects in the East. This will make it possible to rationalize costs, increase the economic efficiency of projects, and expand the possibilities of interregional and intersectoral interactions. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Regional Research of Russia Springer Journals

Petro-Gas Chemistry in Russia’s East: Growth Driver or Ballast?

Kryukov, V. A.; Shmat, V. V.
Regional Research of Russia , Volume 11 (2) – Jul 13, 2021
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References (12)

Publisher
Springer Journals
Copyright
Copyright © Pleiades Publishing, Ltd. 2021. ISSN 2079-9705, Regional Research of Russia, 2021, Vol. 11, No. 2, pp. 174–186. © Pleiades Publishing, Ltd., 2021. Russian Text © The Author(s), 2020, published in Region: Ekonomika i Sotsiologiya, 2020, No. 3, pp. 270–300.
ISSN
2079-9705
eISSN
2079-9713
DOI
10.1134/s2079970521020076
Publisher site
See Article on Publisher Site

Abstract

—The article discusses problems in the development of petro-gas (petroleum) chemistry in Russia’s East. The main modern features of the Russian petrochemical industry and key forks of further development are considered, taking into account the alternative of the domestic and foreign markets. Both sectoral and regional aspects of new projects are analyzed compared to the current foreign approaches to including petrochemicals in socioeconomic development of territories. A typical (model) project involving polymers for the conditions of the Far East is assessed from an economic standpoint, demonstrating its lagging efficiency due to high costs. The technological lag of the Russian petrochemical industry has been noted as one of the most important related problems, and some ways of overcoming it via import substitution combined with effective cooperation with foreign partners are indicated, including formation of industrial petrochemical clusters in the eastern regions of the country. The authors conclude that it is necessary to strengthen the coordinating role of the state in implementing expensive petroleum chemical projects in the East. This will make it possible to rationalize costs, increase the economic efficiency of projects, and expand the possibilities of interregional and intersectoral interactions.

Journal

Regional Research of Russia – Springer Journals

Published: Jul 13, 2021

Keywords: petroleum chemistry; Far East; investments; technological development; economic efficiency; state regulation; cooperation; integration; industrial clusters

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