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China Petrochemical Corporation (“Sinopec Group”), a major global energy and chemicals company, and SIBUR, a leading Russian gas processing and petrochemicals company, have entered into a framework investment agreement during a state visit by Russia’s President Vladimir Putin to China whereby Sinopec Group is to acquire a stake in SIBUR.
Gazprom Neft and SIBUR have commissioned the newly built Yuzhno-Priobskiy Gas Processing Plant (Yuzhno-Priobskiy GPP). The facility was launched in the Khanty-Mansi Autonomous Area on 3 September, with Chairman of the Russian Government Dmitry Medvedev joining via a live teleconference.
SIBUR, Russian integrated gas processing and petrochemical company, and BASF, German chemical company, have extended their long-term agreement on supply of additives used for polymer manufacturing at SIBUR production facilities.
Gazprom Pererabotka Blagoveshchensk (part of Gazprom Group) and NIPIGAZ (part of SIBUR Group) agreed to form a partnership on design, procurement and construction management for the Amur Gas Processing Plant (GPP) near the town of Svobodny in the Amur Region.
The Investment Committee of SIBUR has approved the expansion of a facility processing raw natural gas liquids (raw NGL) at the Tobolsk production site that is expected to increase the site's capacity from 6.6 mtpa to 8 mtpa.
SIBUR has started the preparatory stage of an investment project to ramp up the production of methyl tertiary butyl ether (MTBE), a high-octane petrol additive, at its production site in Togliatti.
SIBUR will present its polymer products at the largest exhibition of petrochemical products in Asia - ChinaPlas (Guangzhou, China).
The Annual Meeting approved SIBUR Holding's 2014 Annual Report and annual financial statements. The shareholders also elected the new Board of Directors.
SIBUR has approved a new logo design as part of its rebranding campaign.
For SIBUR, this is the first logo change in its 20-year history. Previously, the Company had two logo design versions, using either the name SIBUR or a stylised Latin S and a tree leaf located in a triangular with the name SIBUR in the same font. The new logo will only contain the name SIBUR in an updated font style.