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China and Russia pushing PP growth

Global polypropylene capacity increased at a Compound Annual Growth Rate (CAGR) of 5.2 per cent from 2003, reaching 65 million tonnes per year in 2013, and is expected to continue rising to 86m tonnes by 2018, at a slightly higher CAGR of 5.8 per cent, according to research and consulting firm GlobalData.

Polium joint venture established in Omsk

Gazprom Neft, SIBUR and Titan Group have signed an agreement to establish a joint venture based on Omsk Polypropylene Plant (Polium). As part of the deal, Sibgazpolimer, a joint venture of SIBUR and Gazprom Neft (each having a 50 per cent stake), acquired a 50 per cent stake in Poliom from Titan Group.

Russian PET expansion to ease import reliance

Polief, a subsidiary of Russia's SIBUR, has completed a polyethylene terephthlate (PET) expansion project that takes the capacity of its Blagoveshchensk plant from 140,000 tonnes per year to 210,000t.

Gerald Weis (left), managing partner of ips, and Young Sool Yoon, president of Han Jin, at the agreement signing

Deal covers South Korean pelletisers across Europe

South Korean firm Han Jin has signed an agreement with ips Intelligent Pelletizing Solutions GmbH for the latter to take over the exclusive sales and service of its strand pelletising systems across Europe. Russia is excluded from the agreement.

Polypropylene testing underway at SIBUR plant

Russian petrochemical company, SIBUR, has started integrated equipment testing at the propylene storage facility and trial production of the first PP line at its Tobolsk-Polymer complex.

JV will create third largest PVC producer

Solvay and Ineos have signed a Letter of Intent (LOI) to merge their European chlorvinyls activities in a proposed 50-50 joint venture with combined sales of €4.3 billion (US$5.6bn).

Russian giant registers polymer subsidiaries

Russian petrochemical giant Sibur has registered subsidiaries in Turkey and Ukraine in order to trade in basic polymers.

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