Moscow, 17 June 2013. SIBUR, a Russian gas processing and petrochemicals company, and Linde Group, a German Technology company, have signed agreements to build and operate new air separation units in Dzerzhinsk, the Nizhny Novgorod Region. On a long-term basis, SIBUR will provide Linde with a leased site and power supply while Linde, in its turn, will supply technical gases to SIBUR.
Linde will be investing EUR 70 million in the ASUs. The new on-site plants are expected to come on stream at the end of 2015.
In an initial step Linde will assume responsibility for SIBUR’s existing air separation unit at its Dzerzhinsk site. As part of the next step Linde will build a new air separation unit, which – on completion – will be operated by Linde`s Gases Division. The main aim of the new unit is to supply the oxygen, nitrogen and compressed air required to SIBUR’s local ethylene oxide and glycols plants. Linde will also supply air gases to other customers at the Dzerzhinsk chemicals hub as well as to the regional market in Nizhny Novgorod and beyond. The new unit will have a total production capacity of around 30,000 cubic metres of gaseous oxygen per hour.
“We are delighted to build further on our long-standing, successful relationship with SIBUR through this new project, which is evidence of our continued long-standing successful cooperation,” said Dr Aldo Belloni, Member of the Executive Board of Linde AG. “This on-site deal bears further testimony to the success of our integrated business model. Our customers can rely on us for a one-stop service covering both the delivery of turnkey petrochemical plants and the enabling gas supplies.”
“This deal will enhance the operational efficiency of SIBUR's ethylene and glycols plant in Dzerzhinsk and enable us to further strengthen our leading positions in Russia and CIS markets,” commented Valery Andosov, Director for Strategy, SIBUR's Plastics and Organic Synthesis Division. “We are glad to execute this deal with Linde, a long-time and well-established partner for SIBUR. The new unit will supply industrial gases not only to SIBUR's plant in Dzerzhinsk but also to other businesses. By outsourcing industrial gas supply, SIBUR will be able to focus on developing its core operations,” said Sergey Merzlyakov, Managing Director – Head of Plastics and Organic Synthesis business unit at SIBUR.
Notes to editors:
The Linde Group is a world-leading gases and engineering company with around 62,000 employees in more than 100 countries worldwide. In the 2012 financial year, Linde generated revenue of EUR 15.280 bn.
The strategy of the Group is geared towards long-term profitable growth and focuses on the expansion of its international business with forward-looking products and services. Linde acts responsibly towards its shareholders, business partners, employees, society and the environment – in every one of its business areas, regions and locations across the globe. The company is committed to technologies and products that unite the goals of customer value and sustainable development.
SIBUR (www.sibur.com) is a uniquely positioned vertically integrated gas processing and petrochemicals company. SIBUR owns and operates Russia’s largest gas processing business in terms of associated petroleum gas processing volumes, and is a leader in the Russian petrochemicals industry.
As of 31 December 2012, SIBUR operated 27 production sites located all over Russia, had over 1,500 major customers engaged in the energy, automotive, construction, fast moving consumer goods (FMCG), chemical and other industries in approximately 60 countries worldwide and employed over 30,000 personnel.