Moscow Chemical Energy Storage Project

What is the largest ethylene integration project in the world?

The project is the largest ethylene integration project in the world. Located near Russia's shores at the Gulf of Finland, the natural gas processing chemical plant, owned by Baltic Chemical Plant (BCP), will be comprised of two ethylene cracking trains with an annual capacity of 1.4 million tons each.

Are there green hydrogen projects in Russia?

While there are no green hydrogen projects in Russia at the moment, a handful of companies have indicated potential interest. Enel Russia, which is active in Russia’s wind power market, is currently constructing a 201 MW windfarm on the Kola Peninsula in Murmansk Oblast that is expected to be completed in December 2021.

What is Russia's Energy Strategy for 2035?

The first is the Energy Strategy until 2035, which was adopted in June 2020 and is premised on the continuing importance of hydrocarbons while also setting the goal of making Russia one of the world’s leading producers and exporters of hydrogen. The export targets in the Strategy stand at 0.2 million tons by 2024 and 2 million tons by 2035.

Who won the hydrocracking project of Gazprom Moscow refinery?

Recently, ChemChina VII won the bid for the hydrocracking unit project of Gazprom Moscow Refinery. The contract amount is about 20.3 billion rubles (including VAT), equivalent to about 1.8 billion yuan, and the project duration is 34 months. The project is located in Moscow, the capital of Russia.

What are Russia's hydrogen development plans?

In 2020, Russia adopted two key policy documents outlining its hydrogen development plans. The first is the Energy Strategy until 2035, which was adopted in June 2020 and is premised on the continuing importance of hydrocarbons while also setting the goal of making Russia one of the world’s leading producers and exporters of hydrogen.

What is solar energy conversion & electrochemical energy storage?

Both Solar Energy Conversion and Electrochemical Energy Storage, are essential components of integrated and diversified energy systems including smart micro-grids. A diversified energy system is a key driver for the growth of energy conversion and storage markets and can also be used to enhance frequency control capability and market regulation.