(sibur) -- SIBUR has sold its first batch of Emission
Reduction Units (ERUs) comprising 1.2 million tonnes of ÑÎ2. The ERUs were
acquired by the investment bank JP Morgan, with Sberbank Russia, the Russian
carbon unit operator, coordinating the process.
The total volume of the
project is 8 million tonnes of ÑÎ2, a capacity achieved thanks to the
construction of the second stage of SIBUR’s Yuzhno-Baliksky Gas Processing Plant
in the Khanty-Mansijsk Autonomous District. As a result of this project, which
was completed in 2009, the plant’s capacity for APG processing increased from
1.5 billion m3 to 3 billion m3 per year.
SIBUR has invested more than 8
billion roubles (over 250 million US dollars) in the expansion of
Yuzhno-Baliksky GPP, and, as a result, extraction of the desired cut at the
plant has increased to 95% overall. The new complex consists of a booster
compression station, drying and low-temperature condensation sections, a propane
refrigerating unit, and other auxiliary facilities. The complex is a
self-contained GPP, the first facility on such a scale constructed in Russia in
the last decade.
The expansion of Yuzhno-Baliksky GPP was made possible
due to SIBUR’s partnership with the oil company Rosneft, which supplies
associated petroleum gas (APG) to Yuzhno-Baliksky GPP. As a result of their
collaboration SIBUR and Rosneft, will take an equal share of earnings from
ERUs.
The funds which SIBUR will receive will be invested in the
construction of the Vyngapurovsky GPP and the building of infrastructure for
transporting APG derivatives - NGLs. The construction works at Vyngapurovsky GPP
are expected to be completed in summer this year. After that the capacity of APG
supplied from Gazprom Neft JSC’s deposits in the Khanty-Mansijsk Autonomous
District to Vyngapurovsky GPP will increase to 2.4 billion m3 per year. |
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