Based on completion of the FEED contracts and assessment of the design documentation, SIBUR proceeds with the ZapSibNeftekhim project. With the project moving on to the next stage, SIBUR's Board of Directors has approved increased funding for the project in 2014, with overall capex budget for 2014 increasing from RUB 53 bn to RUB 74 bn.
SIBUR has received notification that Yauza 12 has acquired 17% in SIBUR Holding, previously beneficially owned by entities under control of Gennady Timchenko. Yauza 12 is wholly owned by Kirill Shamalov, Deputy Chairman of the Management Board of SIBUR.
In late August, SIBUR signed a long-term contract with a Chinese customer for regular liquefied petroleum gas (LPG) supplies to the growing Chinese market.
On 3 August, the RusVinyl PVC production facility delivered a test batch of polyvinyl chloride as part of its commissioning process. Several days earlier RusVinyl produced a test batch of caustic soda. The commissioning is still underway, with the launch scheduled for the second half of this year.
Sibur and The National Basketball Association (NBA) today announced that the Olimpiets facility in Perm, Russia will be the first court to be refurbished under a multiyear partnership to grow the game of basketball in Russia by providing safe and accessible basketball facilities. Twin brothers Brook Lopez of the Brooklyn Nets and Robin Lopez of the Portland Trail Blazers will conduct a basketball clinic for local children at the refurbished court on August 2nd.
Dedicated environmental programmes implemented at SIBUR in 2013 reduced wastewater effluents by 3% and air pollutant emissions by 4% year-on-year.
SIBUR and NOVATEK reported to Russia’s President Vladimir Putin on completion of a series of projects aimed at creating an integrated technological chain from hydrocarbon production to deep processing in Russia. The announcement was made at a meeting of the Presidential Commission for Strategic Development of the Fuel and Energy Sector and Environmental Security held in Astrakhan.
SIBUR has successfully completed the second recertification audit of its corporate environmental management system for compliance with the ISO 14001:2004 requirements, conducted by Bureau Veritas Certification Rus (BV Certification).
SIBUR will present its polymer products at the largest exhibition of petrochemical products in Asia - Chinaplas (Shanghai, China).
POLIEF, SIBUR's subsidiary, has completed its polyethylene terephthalate (PET) production expansion project, increasing its capacity from 140 ktpa to 210 ktpa.