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Rhodia and SIBUR to create a joint venture

June 06/2011

(SIBUR) -- Rhodia and SIBUR have signed a letter of intent to create a joint venture in specialty surfactants. This strategic alliance would be focused on creating a leader in the CIS market where specialty surfactants are used particularly in home & personal care, and oil & gas industries, with the surfactants sector growing at more than 6% per year.


Rhodia, as a worldwide leader in specialty surfactants, will provide its expertise in surfactant technologies, its knowledge of formulations and market applications and its customer network, including global key accounts with a strong presence in this region.


SIBUR, the leading petrochemical company in Russia, will contribute its raw materials, production and logistics capabilities. With its longstanding experience of the Russian petrochemicals market, SIBUR will also support the development of the surfactants business in oil and gas markets in Russia and the CIS.


It is expected that the new 50:50 joint venture will site a local production in Russia at Dzerzhinsk, near SIBURs petrochemicals operations, 400km east of Moscow, and is expected to be operational in 2013.


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Tags:Sibur Holding.
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