Tobolsk-Polymer, one of the world’s largest polypropylene production facilities, was commissioned at a grand opening ceremony attended by the President of the Russian Federation Vladimir Putin. This construction project has been hailed as the biggest investment project in the Russian petrochemical industry.
SIBUR, a leading Russian gas processing and petrochemicals company, and the German chemicals giant BASF signed a Long-Term Cooperation Memorandum to supply additives used for polymer production and processing at SIBUR’s production facilities.
SIBUR announces the arrival of its first new gas carrier, Sibur Voronezh, at Ust-Luga seaport. The vessel will ship cooled liquefied petroleum gas (LPG) from the company's Baltic Sea terminal on a regular and year-round basis.
SIBUR has launched production of styrene-butadiene thermoplastic elastomers (TPE) – cutting-edge polymer materials for the road building industry and roof coatings – at its Voronezh-based facility. The production facility reached its full design capacity of 50 ktpa.
China Petroleum and Chemical Corporation (Sinopec Corp.), a major global petroleum and petrochemical enterprise group, and SIBUR, a leading Russian gas processing and petrochemicals company, entered into a joint venture developed on the site of the Krasnoyarsk Synthetic Rubber Plant (KZSK). Sinopec purchased 25% + 1 share of KZSK.
As part of its efforts to unify polypropylene grading codes, SIBUR has introduced a new component that will indicate each product’s production plant of origin.
OOO SIBUR has received a notice from the owner of 100% of shares in OAO SIBUR Holding regarding a change in SIBUR Group’s beneficial ownership structure. Indirect interest of Adine Development Inc., which is beneficially owned by Mr. Leonid Mikhelson and Mr. Gennady Timchenko, in the Company's share capital has decreased from 94.5% to 82.5% in favour of companies that are beneficially owned by certain current and former members of the management of OOO SIBUR and OAO SIBUR Holding.
А naming ceremony was held at the Hyundai Mipo Dockyard Co. Ltd. shipyard in South Korea for the first two vessels in a new series of LPG carriers (liquefied petroleum gas) ordered by Sovcomflot Group, to operate on long-term contracts with the petrochemical holding company SIBUR. The carriers will serve to transport LPG from SIBUR’s LPG and light oils transhipment terminal at the Ust-Luga commercial sea port.
Russian Prime Minister Dmitry Medvedev held a meeting on the development of the chemical and petrochemical industries. The attendees of the meeting included Deputy Prime Minister, Arkady Dvorkovich, Alexander Novak, the Minister of Energy, Mikhail Babich, the Presidential Plenipotentiary Envoy to the Volga Federal District, Rustem Khamitov, President of Bashkortostan, Alexander Dyukov, Deputy Chairman of SIBUR Holding’s Board of Directors and CEO of Gazprom Neft, Dmitry Konov, CEO of SIBUR, heads of major petrochemical and oil and gas companies, and other officials.
A formal ceremony was hosted today at the Ust-Luga commercial sea port to mark the first loading of a gas carrier with liquefied petroleum gas (LPG) at SIBUR's new transhipment facility for LPG and light oils.