Germany's BASF AG and Russia's Gazprom have formed a joint venture to build a 1.2-1.5 billion Deutschemark ($700-880 million) petrochemical complex at Novyy Urengoy, Siberia. The plant will use gas produced locally as feedstock to manufacture as much as 340,000 metric tons/year of ethylene and 300,000 tons/year of polyethylene. Construction is scheduled to begin in 1995. The plant's output is intended for sale in Russia. BASF and Gazprom are currently studying the feasibility of

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