14 May 2010 12:09 [Source: ICIS news]
MOSCOW (ICIS news)--Sibur has been granted regulatory approval to build a new 500,000 tonne/year polypropylene (PP) facility, which is due to come onstream in 2012, the Russian petrochemical holding said on Friday.
Equipment supplies for the €450m ($567m) project, at Tobolsk, would start in the third quarter of 2010, Sibur said in a statement.
In December 2009, Tobolsk-Polymer and Linde-KCA-Dresden GmbH concluded an engineering, procurement and construction (EPC) contract to build the new facility, which will rely on INEOS technology.
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In 2006, Sibur created a new entity, Tobolsk-Polymer, to oversee its new project to be built at the premises of Sibur's subsidiary, Tobolsk-Neftekhim. In January 2007, Sibur selected Fluor Corp to act as the project management company.
The PP project was approved by the country's federal regulator, Glavexpertiza, Sibur said.
($1 = €0.80)
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