Innovative Growth and Development of Petrochemical Enterprises in the Russian Federation

Abstract

Nowadays, increasing attention is being paid to the development of innovations in the Russian petrochemical industry. The country is currently among the leaders in hydrocarbon extraction and has a high potential for the provision of resources for petrochemical plants. However, internal problems of the industry such as the innovative sector are one of the main factors causing problems in the sustainable development of the petrochemical industry and therefore require further study and solution. Aim. This study aims to analyze the functioning of the modern system of petrochemical enterprises in the Russian Federation and substantiate the necessity of achieving an innovative breakthrough in the industry through the development of the industry’s innovative infrastructure. Results. It is established that petrochemical enterprises are the focal point of new knowledge, innovation, and advanced technologies, which makes them science-driven. The basic principles of the insufficient implementation of innovations for the industry’s sustainable development are analyzed. Low degree of production science integration is determined. Thus, Russian science faces the problem of innovative orientation.