Rosneft, Pirelli and Synthos to perform feasibility study

Rosneft, Pirelli S.p.A. and Synthos S.A. signed a Memorandum of Understanding with regard to performing a feasibility study in the area of R&D, production and supply of synthetic rubber in the city of Nakhodka within the framework of the FEPCO (Far East Petrochemical Company) petrochemical cluster.

The document envisages the performance of the feasibility study for the project, which will include plant engineering designs and operational requirements, market studies, capital investments and operating costs estimates. Moreover the parties express their intentions of using FEPCO petrochemical cluster, which is situated in Nakhodka, for synthetic rubber production for the purpose, among other things, of supplies to Pirelli’s own tire production facilities in Asia-Pacific region. Above all, Rosneft, Synthos and Pirelli show intention to develop experimental projects in this area.

Synthetic 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.

Adapted from press release by Joseph Green

Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/17042015/rosneft-pirelli-synthos-feasibility-study-617/