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 ?xml:namespace>
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
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.
($1 = €0.79)
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