High Value-Added Chemistry in an Era of Technological Sovereignty: Realities and Needs
In Russia, the chemicals industry primarily involves the production of large-capacity, low-added value products. Current estimates indicate that base materials account for more than 60% of output, of which mineral fertilizers make up roughly 40%. In the rest of the world, chemical companies predominantly focus on the high-tech business. Small- and medium-capacity chemicals come from specific industries that produce high-added value products. Such industries offer a wide range of products with high added value and relatively small volumes of production capacity. Various estimates show that imports make up 60% to 100% of small-scale chemicals for individual products ranges, including in strategic industries. As a result, the events of 2022 have put the small-scale chemicals sub-industry in a highly vulnerable position. They have encountered financial difficulties due to the further tightening of sanctions by Western countries, foreign companies departing Russia or suspending certain businesses, the temporary freezing of imports, disruptions in supply chains, and shortages of imported components. Russia needs to consolidate, expand, and develop its resource and technological base into a unified production and technological model of collaboration. The Russian chemicals industry could achieve a technological breakthrough based on broad industrial cooperation. A technological base needs to be created to ensure the production of high-value goods along with the development of unique products. What role does the chemicals industry play in the development of the Russian economy? What kind of government support measures are needed and how should it regulate the industry?
Moderator
Ilya Doronov,
Managing Director, RBC
Panellists
Darya Borisova,
Member of the Board – Managing Director for Development and Innovations, SIBUR
Ilya Vorotyntsev,
Acting Rector, Mendeleev University of Chemical Technology
Eduard Davydov,
Chairman, Russian-Kazakh Business Council; General Director, Bashkir Soda Company; General Director, Roskhim
Igor Kobzev,
Governor of Irkutsk Region
Dmitry Makhonin,
Governor of Perm Territory
Vitaliy Sergeychuk,
Member of the Management Board, VTB Bank