The petrochemical market is looking for alternatives

EU sanctions, which hit dozens of chemical products and processes, will break a lot of supply chains, but ultimately will impact only areas of special products, experts say.

In their opinion, Russia can either produce the main part of the list itself or buy it from friendly countries, primarily China. At the same time, fertilizers, prices for which are already at long-term peaks, were not actually affected by the next sanctions due to fears of a shortage.

The fifth package of EU sanctions included a ban on the supply of dozens of chemical products to Russia. A large segment that was affected by the sanctions was catalysts widely used in oil refining and chemistry. According to experts, there are 15–20 catalytic processes at refineries and several times more in petrochemistry.

In chemistry and petrochemistry, Russian catalysts are used in 90% of cases, excepting the production of polyethylene and polypropylene, where they were traditionally imported. The same applies to ethylene oxide, production of which have never been based on domestic catalysts.

In the future, all catalysts can be made in Russia or bought in China. But according to experts, such a replacement can lead to a loss in the efficiency of processes, but in a non-critical way.

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