PODCAST: SIBUR, TAIF merger would create global leader, rejuvenate Russia petrochemicals

BARCELONA (ICIS)–The merger of Russia’s SIBUR and TAIF would create a top 10 global player in ethylene, rubber and plastics, and could help inject new life into the country’s petrochemical sector.

• merger of SIBUR and TAIF would create a global top 10 player in ethylene, rubber and plastics;
• merger could help rejuvenate Russia’s petrochemical sector;
• China’s economy lost momentum between Q4 2020 and Q1 2021;
• China styrene, polypropylene (PP), polyethylene (PE) demand fell in Q1 2021;
• container crisis, semiconductor shortage could stifle China exports;
• Joe Biden’s earth summit brings tipping point for chemical industry;
• fast adoption of recycling, circular economy now required; and
• chemical recycling and local recycling, production networks.

Editor’s note: This podcast is an opinion piece. The views expressed are those of the presenter and interviewees, and do not necessarily represent those of ICIS.

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Interview by Will Beacham