Chemical industry

Currently, one of the most important challenge for Russia is ensuring food security. The condition for the sustainable development of the agricultural sector is a steadily developing fertilizer market.

Due to the high demand for chemical and petrochemical products, the global chemical industry is developing on an upward trend. According to preliminary data, the volume of chemical production in the world will amount to about 4822.5 million USD

Until recently, the production of base polymers in the Russian Federation was developing at a faster pace. Often these materials went past domestic processors abroad. By supplying basic polymers for export, our country provided foreign countries with cheap raw materials

Restrictions on the supply of Russian synthetic rubbers were included in the tenth package of EU sanctions. On the one hand, their production in Russia is export-oriented. On the other hand. Russia began to lose the European market in 2022.

The current global increase in fertilizer prices is unprecedented in the last 70 years. Although at the end of 2007, for some time there was almost a doubling of prices for all major groups of fertilizers.