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SIBUR plans NPP Neftehimia reconstruction

June 14/2010

(SIBUR) Ц SIBUR is considering a possibility of NPP Neftehimia Ltd. (Moskovsky NPZ associate) reconstruction and development of polypropylene production capacities.

 

In early June 2010 Russian FAS (Federal Antimonopoly Service) announced about a permission to purchase 50% stake of  NPP Neftehimia Ltd. given to SIBUR. The deal is scheduled with an investment into authorized capital stock for creation of a JV on an equal footing with Moskovsky NPZ.


 
Scientific production enterprise Neftehimia Ltd. Is a fully integrated unit with Moskovsky NPZ; it uses self-produced propane-propylene fraction. The capacity is 100.000 tpa of polypropylene. Stock holders: GAzprom-neft Ltd. And Moscow Government.


 
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SIBUR plans NPP Neftehimia reconstruction

MRC Reference

Sibur Holding is the largest Russian petrochemical group.

Shareholders:
 Gazprombank (70% minus 1 share);
 Gazfond (25% plus 1 share);
 5% reserved for option program.


 

 

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