As part of a strategic collaboration with Russian private equity firm AFK “Sistema”, PCH developed an integrated petrochemical company which resulted in the creation of a modern petrochemical business using state-of-the-art technologies in Russia (UPC).

The initial production base of UPC comprised of petrochemical assets of AFK “Sistema” and PCH, in Ufa and in Dzerzhinsk. UPC’s operational management of “Ufaorgsyntez” (a petrochemical asset of AFK “Sistema”) resulted in a threefold increase of profitability, up to $100 million.

During its implementation, UPC conducted the following activities:

• Feasibility studies, including mass and energy balances, financial models, market analyses for all respective projects and products,
• Tenders and negotiations among world renowned license holders and engineering companies (Technip, Evonik, Chematur, Dow, Bayer, Linde, CB&I Lummus, Conser, etc.),