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Date submitted2024-01-18
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Date accepted2024-05-02
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Date published2024-12-25
Industrial clusters as an organizational model for the development of Russia petrochemical industry
The article explores the challenges facing Russia petrochemical industry over the past decade and examines the reasons behind its significant lag compared to other industrialized nations. It presents a review of academic research on clusters accompanied by a comparative analysis, generalization, and consolidation of factors influencing the development of the petrochemical industry in Russia. It is argued that advancing the petrochemical industry from production plants to integrated production complexes necessitates a shift towards clustering, which will improve resource utilization efficiency, bolster product competitiveness, and reduce production costs. The article examines and consolidates key cluster concepts, encompassing definitions, characteristics, composition, and constituent elements. It also examines strategic documents guiding the development of the petrochemical sector, assesses the progress made in forming petrochemical clusters in Russia, and draws upon European and Asian experiences and government support tools in the domain of petrochemical clusters. The successful development of petrochemical clusters in Russia is argued to be strongly dependent on state initiatives and support for infrastructure development. Additionally, the presence of research organizations within clusters is crucial for fostering high-tech product innovation and forming an efficient value chain that integrates research and development with specific assets. When establishing petrochemical clusters in Russia, it is essential to consider the unique characteristics of each cluster, including the types of raw materials and resources used, the necessary infrastructure, and the specific support measures and incentives provided by the state.
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Date submitted2014-11-01
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Date accepted2015-01-22
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Date published2015-10-26
Project finance for strategic investment projects of mining corporations
- Authors:
- T. V. Ponomarenko
- N. A. Belitskaya
A strategic project realization in large companies leads to long-term competitive benefits, but is very costly, has high risks and complicated structural arrangement. Long payback period, high debt and risk burden result in the necessity to use project finance facilities. The research aims to find out conditions and justify the possibility of the use of project finance in Russian mining companies in terms of the new legal framework. Characteristics of projects requiring the use of project finance are determined. The article clarifies the principles and definition of project finance. Specific risks and realization problems of project finance in the Russian context are analyzed. A comparison between the Russian legal framework of project finance and regulation in foreign countries is made; examples and problems in the Russian project finance practice are shown. The results can be used by mining companies for justification of the optimal financial strategy for major investment projects realization.
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Date submitted2008-11-14
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Date accepted2009-01-04
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Date published2009-12-11
Intangible assets are the most important reserve for efficiency upgrading of enterprises engaged in the field of mineral resources utilization
- Authors:
- E. A. Shelkov
The role of intangible assets in activities of enterprises engaged in the field of this country’s mineral resources utilization is considered. Their insignificant specific weight in assets is pointed out as well as their slight reactivation in economic turnover and respectively in drawing of profit by domestic enterprises of Mineral and Raw Materials Complex. Basic reasons of the fact why at present intangible assets are one of little used reserves for increasing efficiency of enterprises carrying out activities in the field of mineral resources utilization are analyzed. Principal directions of intangible assets of MRMC enterprises record keeping, evaluation and use are suggested on the basis of gained world experience.