16 April 2013 18:11 [Source: ICIS news]
Correction: In the ICIS story headlined "Final decision on Sibur world-scale cracker expected by end 2013" dated 17 April 2013, please read in the third paragraph ...plus 700,000 tonnes/year of HDPE... instead of ...plus 700,000 tonnes/year of LDPE... A corrected story follows.
LONDON (ICIS)--Russia-based petrochemical major Sibur will make a final decision on whether to proceed with its planned 1.5m tonne/year gas-fed ethylene cracker at Tobolsk by the end of this year, the company’s CEO said on Tuesday.
Verdict on approval of the ZapSibNeftekhim project, which is currently at the front end engineering (FEED) phase - being carried out by engineering group Linde - will be made at a board meeting towards the end of 2013, according to CEO Dmitry Konov.
The proposed project, which Sibur claims is one of the world’s largest, includes a 1.5m tonne/year ethylene cracker, with 1.5m tonnes/year of downstream polyethylene (PE) and 500,000 tonnes/year of polypropylene (PP) production. It will also include an 800,000 tonne/year swing LLDPE and HDPE plant, plus 700,000 tonnes/year of HDPE. It was first unveiled in June 2012.
Speaking to journalists in London, Konov said: “It will be fed by ethane and liquefied petroleum gas (LPG) from our own gas processing plants, plus third parties delivered by our existing pipeline network. The decision will be made at the end of the FEED phase at the end of 2013. If there is an investment decision, construction would begin immediately.”
He added: “We are more competitive with feedstock prices than the US is with its shale-based ethane prices.”
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