Russia’s Rosneft and Italy’s Pirelli expand collaboration in synthetic rubber production in defiance of sanctions.
According to Rosneft, its head Igor Sechin and Pirelli’s Chairman Marco Tronchetti Provera signed a memorandum of understanding in the area of R&D, producing and shipping of synthetic rubber in the city of Nakhodka as part of the FEPCO (Far East Petrochemical Company) petrochemical cluster.
“Styrene butadiene rubber, which is supposed to be produced there, is an environmentally-friendly material, which is used in production of so called green tires. It improves adherence on both wet and dry road and helps to reduce fuel consumption,” reads the official press release.
“The agreement signed today goes in the direction of strengthening the synthetic rubber project in Nakhodka both technologically and in terms of the already existing synergies between Pirelli and Rosneft. It is also shows Pirelli and Rosneft beginning to move together into new alliances which, as we have already said, could also be a part of our future cooperation,” Marco Tronchetti Provera, Chairman and CEO of Pirelli said after the ceremony.
“The construction of a modern petrochemical and refining structure in the Russian Far East is one of Rosneft's leading projects. Its execution is being led by the Far East Petrochemical Company,” adds the official statement. Rosneft is eyeing a plant with a capacity of 30 mtpa of hydrocarbon refining in the Partisan District of the Primorsk Territory.
Author: Mikhail Vesely