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You're reading: Firtash to invest $2.8 billion in Ukrainian petrochemicals over 5 years
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"Development in the petrochemical area is very promising. Today, Ukraine has completely lost its position on that market, and as a rule, we buy all small-tonnage chemicals either in Russia or in Germany. And we have a market for this product," Firtash said in an interview with the Day newspaper, published on Thursday.

Chemistry is a strategic direction for his business, and he has no plans to sell assets in that area, he said. His chemistry business-group’s development program spans five-six years and is divided into two areas: nitrogen and petrochemicals.

Firtash has calculated Ukraine’s needs in chemical production. "We can, as a minimum, fight for our market. And the second step, if we succeed, is to organize Ukrainian production sales in Europe," he said.

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