Russia's Sibur secures regulatory approval for Tobolsk PP project

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.

Also last December, Sibur and Italy's Tecnimont signed an EPC contract to build a new facility to produce 510,000 tonnes/year of propylene in Tobolsk.

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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By: Sergei Blagov
+44 20 8652 3214



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