Our other sites

Ukrainian billionaire to invest €1.7bn in petrochemicals

By Eugene Gerden
Posted 22 May 2012

Ukrainian billionaire Dmitry Firtash considering investing more than €1.7-2bn in the country’s petrochemical business over the next 7-8 years.

Firtash says the money will go towards increasing production methyl, propylene, ethylene, polystyrene, caprolactam and chemical fibres at DF Holding. DF Holding is a financial conglomerate, owned by Firtash, which includes companies such as Rivneazot, Styrene and Azot.

Firtash has also not ruled out the possibility acquiring new petrochemical facilities in Ukraine and abroad.

According to the businessman, there is a lot of potential in developing the Ukraininan petrochemical business because production in recently declined, making the country dependent on imports from Russia and Germany.

In the early stages, the companies will focus on supplying the domestic markets.

Tell us what you think

*Your Name:
Nickname: Company:
You can use a nickname if you wish to post anonymously.
Your real name and email address are still required.


Site Index [ + ]

Entire contents copyright 2015 by Crain Communications Inc.
Plastics News Europe and EuropeanPlasticsNews.com are published by Crain Communications Ltd (registered in England & Wales No. 01576350).
Registered Office: 100 New Bridge Street, London, EC4V 6JA, United Kingdom.