Russia's Sibur to export PP to China from Siberia plant in 2013

22 March 2012 09:50  [Source: ICIS news]

SINGAPORE (ICIS)--Russian producer Sibur plans to export polypropylene (PP) from its new plant in Tobolsk, Siberia, to China when commercial production starts in early 2013, a senior executive of Sibur-International (Shanghai) Trading Co said on Thursday.

“The 500,000 tonne/year new PP plant in Tobolsk will operate on INEOS technology using propane as feedstock,” said Almaz Yamaliev, general manager of Sibur's trading arm, Sibur-International (Shanghai) Trading Co.

Sibur-International (Shanghai) Trading Co plans to set up more sales offices in China this year, in preparation for the start-up of the new PP plant, said Yamaliev.

The trading company currently operates one sales office in Shanghai, and it intends to set up sales offices in Tianjin, Shenyang, Qingdao and Guangzhou by the end of this year, he said.

The company already sells low density polyethylene (LDPE) from Sibur’s plants in Siberia, having on average exported around 5,000 tonnes per month of LDPE to China last year, he said.

It sells material to the Chinese domestic market in yuan on an ex-warehouse basis and in US dollars on a CFR (cost and freight) China basis, he said.

Sibur-International (Shanghai) Trading Co plans to export more LDPE to China in 2013, he added.

By: Chow Bee Lin
+65 6780 4359

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