Russian firm Sibur expects to ‘change the face of the Russian petrochemical industry’ when construction is complete on the company’s new production complex in Tobolsk (Zapsibneftekhim), according to executive director Sergey Komyshan.
Chinese company Sinopec has completed its 10 per cent minority investment in Russian petrochemical business Sibur as a strategic investor, with the deal part of a strategic cooperation between the two companies’ home nations.
A draft bill in Russia that proposes to ban plastics beer bottles of 1.5 litres or above is to be contested by the countryâ??s government, which will instead look for a balanced solution when the parliament meets again to debate the projected law, according to local news reports.
The dramatic tumble of the ruble has not had a negative impact on petrochemical giant SIBUR, the company confirmed during a press event in London, UK, yesterday, due to the diversity of its revenue streams and the international markets in which it operates.
Biaxplen, part of the Russian petrochemical giant SIBUR, has expanded its export supplies of biaxially-oriented polypropylene (BOPP) film to the European market. The first lots of Biaxplen products have been shipped to Spain and Bosnia & Herzegovina.
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