Russia regional authority plans Sibur, Gazprom deal

18 April 2008 11:55  [Source: ICIS news]

MOSCOW (ICIS news)--Russia's southern Astrakhan region will co-operate with gas giant Gazprom and petrochemical major Sibur Holding to build a 500,000 tonne/year polyethylene (PE) plant, the Astrakhan regional government said on Friday.

 

The feasibility study for the project would be completed in the first half of this year, while actual construction was due to start in 2009, regional governor Alexander Zhilkin said.

  

In January 2008, Sibur allocated roubles (Rb) 236m (€6.35m/$10m) to finance a pre-feasibility study of the new PE plant.

 

($1 = €0.63/$1 = Rb23.41)

By: Sergei Blagov
+44 20 8652 3214

< previous article(VIDEO - ICIS news Asia Lunchtime Bulletin 4 November 2009)

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly