Sibur to raise gas processing capacities, restructure subsidiary

23 August 2010 15:45  [Source: ICIS news]

MOSCOW (ICIS)--Sibur plans to build new gas processing capacities and restructure its Sibur-Neftekhim subsidiary, the Russian petrochemical holding company said on Monday.

Sibur plans to build a new 2.8m tonne/year gas processing facility that will be operated by its Tobolsk-Neftekhim subsidiary at Tobolsk, Russia, according a company statement.

Sibur will also increase the capacity of Tobolsk-Neftekhim’s existing 3m tonne/year gas processing unit to 3.8m tonnes/year, it said.

Tobolsk-Neftekhim’s total gas processing capacity would be 6.6m tonnes/year, the statement said.

The new gas processing capacities would supply a new 500,000 tonne/year polypropylene (PP) facility to be built at the premises of Tobolsk-Neftekhim by 2012.

Sibur also said on Monday that it would restructure its Sibur-Neftekhim subsidiary.

Based in Dzerzhinsk, in the Nizhny-Novgorod region of central Russia, Sibur-Neftekhim would remain in control of the caprolactam, ethylene oxide and glycols businesses at Dzerzhinsk, the statement said.

But the Kstovo Petrochemical Plant, located at Kstovo, would be controlled by a new entity, Sibur-Kstovo, it said.

The restructure will give the businesses greater operational autonomy, Sibur said.  

On 12 July, Sibur started construction of a new €750m ($949m) polyvinyl chloride (PVC) plant at Kstovo, which will have a capacity of 330,000 tonnes/year and is due to come on line by 2012.

($1 = €0.79)

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By: Sergei Blagov
+44 20 8652 3214



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