18 April 2012 09:29 [Source: ICIS news]
SINGAPORE (ICIS)--France-based producer Rhodia and Russian petrochemical firm Sibur have completed studies to set up a surfactants plant at Sibur’s petrochemicals production site at Dzerzhinsk, Russia, the two firms said on Wednesday.
The plant is expected to be operational in 2014, they said in a joint statement. The capacity and financing details of the plant were not disclosed.
“The aim of this strategic partnership is to create a surfactant specialty leader in the CIS [Commonwealth of Independent States] market focused on the home & personal care and oil & gas markets, two sectors growing at more than 6% per year,” the two firms said.
Sibur’s collaboration with Rhodia is in line with the Russian firm’s strategy of “expanding into carefully chosen specialty chemicals business segments to serve changing consumption patterns and growing sophistication of Russian domestic consumer industries”, added Dmitry Konov, the CEO of Sibur.
Rhodia is a member of Belgium-based Solvay group.
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