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(Sibur) -- Within the framework of
the working visit to China by Prime Minister of the Russian Federation Vladimir
Putin, one of the world's largest energy and chemical companies, China Petroleum
and Chemical Corporation (Sinopec Corp.) and Russia’s leading petrochemical
holding company SIBUR have entered into a Memorandum of Extended Cooperation on
the possible formation of two joint ventures for the production of butadiene
nitrile rubber (NBR) in Krasnoyarsk (Russia) and Shanghai (China). The Parties
are also considering cooperating in the area of polyisopren rubber (IR) and in
other areas, including the petrochemical feedstock supply and the supply of
unconventional sources of feedstock to Russia and China. In addition they have
agreed to hold talks about co-operation opportunities in upstream and
downstream.
If joint ventures are formed, SIBUR will provide polymerization and
finishing technology for two of them. The existing NBR assets of the Krasnoyarsk
rubber plant in Russia will be expanded to 56,000 tons per year, and the
Shanghai facility will have a production capacity of approximately 50,000 tons
per year.
mrcplast.com
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