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  1. Polymer strategy

    In Russia, an increasing number of companies are looking for ways to improve margins in petrochemistry and gas processing. To make sure the polymer production industry evolves smoothly, the government needs a clear strategy. The global petrochemical industry is among the most vibrant sectors, growing at two times the pace of the global GDP (5.4% against 2.7%, according to Statista). The growth is primarily driven by polymers. According to EY estimates, global polypropylene and polyethylene consumption...

  2. Amur Gas Chemical Complex: progress update

    As part of the EEF, SIBUR presented the Amur GCC project to Vladimir Putin and signed a term sheet with Gazprom to supply LPG. The Eastern Economic Forum held in early September saw a presentation of the Amur Gas Chemical Complex (Amur GCC) project delivered by Dmitry Konov, Chairman of the ...

  3. Chinese market: growth potential

    ... polyethylene per year. “The GCC project is closely linked to the development strategy of Gazprom, which has committed to launch gas exports to China by 2020,” says Dmitry Konov. “This year we have signed an agreement to supply ethane to the Amur GCC. Given China's high demand for our products, this project will most likely yield great results.” The Chinese market is huge and promising, but there is a caveat – its state regulation necessitates a special approach. The consensus among exporters ...

  4. Meeting in Davos

    ... matters of the petrochemical industry and items on the global economic agenda. At the WEF, the Company unveils the most ambitious projects. This time, Dmitry Konov announced that SIBUR had launched extended front-end engineering and design (FEED) for the Amur GCC’s polyethylene units. FEED is used to determine key technological parameters of the project. Gazprom’s Amur GPP has been under construction since October 2015. It will supply ethane feedstock to the new facility. Photo: gazprom....

  5. “We continue building new facilities”

    ... interview, Mr Karisalov also elaborated on the digitalisation of SIBUR. Today, it spans several dozen of automation and analytics projects. The drive for digitalisation also affects the Company’s major investment projects. In particular, should the Amur GCC project be rolled out, it will involve the world's best digital solutions.

  6. New milestone in partnership

    SIBUR Holding and Sinopec signed a Term Sheet for a potential joint venture that could be based at the Amur Gas Chemical Complex. SIBUR Holding and China Petroleum & Chemical Corporation (Sinopec) signed a Term Sheet for a potential joint venture (JV) that could be based at the Amur Gas Chemical Complex. The signing ceremony took place in the presence of Xi Jinping, President of the People's Republic of China, and Vladimir Putin, President of the Russian Federation. Subject to SIBUR's final investment...

  7. SIBUR: from 1995 to the latest developments

    ... construction. Dmitry Konov, SIBUR’s CEO, and Vladimir Yakushev, Governor of the Tyumen Region, during the opening of ZapSibNeftekhim construction site. Another SIBUR’s potential core investment project is the construction of Amur GCC scheduled for the period after 2023–2024. The final decision giving the green light to the project is expected to be taken by the company in the second half of 2019. In its priority area of basic polymer production, SIBUR is focusing on global ...

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