Large petrochemical cluster will be formed in Ufa

A large petrochemical cluster will be formed in Ufa that will produce end-use products. This was announced by Rustem Khamitov at a meeting with the chairmen of the Committees of the State Assembly of the Republic.

“We continue to search actively for creation of new high-tech enterprises, formation of various clusters in the republic,” the President of Bashkortostan said.

According to him, the agreement on formation of large, powerful petrochemical cluster in Ufa, which will produce finished products, was reached at the meeting with the owner of Sistema JSFC Vladimir Yevtushenko.

“The amount of investments by various estimates can reach from three to five billion dollars. This is a significant, large amount of funds. Chemistry is of interest today because our three-year efforts to promote the idea of chemical industry development already have feedback from the largest companies. Our task is to form a cluster, attract other institutions in this area to manufacture end-use products. I hope that in the next couple of years this cluster will be formed and large investment activities will be carried out for the construction of this kind of enterprise,” Rustem Khamitov said.