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SIBUR helped by currency collapse

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.

Sibur breaks ground on $9.5bn project

Russian petrochemical giant Sibur has broken ground on its biggest ever investment project, a hydrocarbon to polyolefin processing facility located in the Tyumen Region, 2,500km east of Moscow.

Russian BOPP producer broadens exports

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.

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.

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.