17 July 2012 10:51 [Source: ICIS news]
MOSCOW (ICIS)--Russian petrochemical holding Sibur announced on Tuesday that it has started the gradual closure of its chlorine production unit at Sibur-Neftekhim.
The phasing out of the chlorine unit in Dzerzhinsk will continue until the spring of 2013, Sibur said in a statement. It did not disclose capacity figures.
"The equipment at the chlorine production lines is worn out and outdated, and has no more resource for accident-free and economically feasible operation," the company added.
Sibur also pledged "to meet its obligations under the existing contracts".
Sibur-Neftekhim is a subsidiary of Sibur and is based in Nizhny Novgorod region in central Russia.
The statement added that Sibur is a co-founder of the RusVinyl plant currently under construction at Kstovo in Nizhny Novgorod region. It is due on stream in 2013.
The €750m ($926m) plant will have the capacity to produce 330,000 tonnes/year of polyvinyl chloride (PVC) and 235,000 tonnes/year of caustic soda. RusVinyl is owned on a parity basis by Sibur and SolVin, in which Solvay owns 75% and BASF has 25%.
($1 = €0.81)
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