Standard & Poor’s has assigned SIBUR its long-term issuer credit ‘BBB-’ rating. The outlook is stable.
SIBUR’s Blagoveshchensk site has held a ceremony to celebrate the completed reconstruction of the terephthalic acid production facility, the only one currently in Russia.
Fitch Ratings has upgraded SIBUR’s long-term issuer default rating (IDR) to ‘BBB-’ from ‘BB+’. The Outlook is Stable.
SIBUR and Sinopec signed a number of agreements concerning the production and sale of petrochemicals.
SIBUR Holding and China Petroleum & Chemical Corporation (Sinopec) signed a Term Sheet for a potential joint venture (JV) that could be based at Amur Gas Chemical Complex (AGCC).
SIBUR and the Silk Road Fund entered into an agreement to enhance cooperation. The signing ceremony was attended by Xi Jinping, President of the People's Republic of China, and Vladimir Putin, President of the Russian Federation.
SIBUR, the largest integrated petrochemicals company in Russia, and Norner, a global leader in petrochemical R&D services, have signed an agreement to cooperate in product development and polymer recycling at SIBUR’s PolyLab.
SIBUR and 3M have signed an agreement to cooperate in product development and polymer recycling at SIBUR’s PolyLab. Thanks to their durability, strength, eco-friendliness and other advantages, such polymers as polyethylene and polypropylene are some of the most widely used synthetic materials, popular with the construction, utilities, automotive, healthcare, food and other industries.
Russia's Prime Minister Dmitry Medvedev cut the ribbon of the first domestic R&D centre for the development and testing of polymer products – SIBUR PolyLab located at the Skolkovo Innovation Centre.
The Perm facility is 100% ready for commissioning, with the first batch of dioctyl terephthalate coming off the line and shipped to customers as part of the pre-commissioning pilot.