Russia’s Sibur looks into building new PE plant

28 January 2008 08:55  [Source: ICIS news]

MOSCOW (ICIS news)--Russia-based petrochemical company Sibur Holding has allocated roubles (Rb) 236 million ($9.6m/€6.5m) to finance a pre-feasibility study for a new polyethylene (PE) plant in the country's southern Astrakhan region, it said.

 

Sibur, which is controlled by Gazprom, aimed to build polymer production facilities to boost the company’s export potential, said company CEO Dmitry Konov late on Friday.

 

The proposed plant would have a capacity of 450,000-500,000 tonnes/year, with Astrakhangazprom earmarked as feedstock supplier, said Sibur.

 

($1 = Rb24.50/€36.13)

By: Sergei Blagov
+44 20 8652 3214

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