MOSCOW (MRC) -- Regarding the already announced project to build a new polyolefin production facility at Tobolsk, both parties officially signed on 6 April 2016 the EP-SS contract at SCHMIDT headquarters / Germany, said SCHMIDT.
ZapSibNeftekhim is a "Greenfield" project of SIBUR Holding PJSC, located at the Tobolsk production site of the Group.
Based on the already finalized FEED study the agreement consists of detailed engineering, procurement and site services to set up a state-of-the-art logistics infrastructure.
Within the next 3 years, a silo farm with 45 silos of 1000 m each, 8 packaging lines integrated into a covered warehouse complex of 50,000 m? and a container terminal with a capacity of 2,600 FEU will be built to handle the yearly throughput of 2m tons of polypropylene and polyethylene.
This new contract is a further major milestone of the already well established partnership between the two companies, both at Tobolsk and other production sites in Russia.
As MRC informed earlier, Russian petrochemical firm Sibur said on Wednesday it had agreed a credit line for EUR 1.6 bln (USD1.7 bln) with a consortium of European banks. The agreement was signed in December 2014, it added in its financial report for last year. The long-term financing will be used to cover part of capital expenditures related to Sibur's ZapSib-2 investment project.
SIBUR is a vertically integrated gas processing and petrochemicals company. SIBUR owns and operates Russia’s largest gas processing business in terms of associated petroleum gas processing volumes and is a leader in the Russian petrochemicals industry. SIBUR operates 26 production sites in various regions of Russia. The Group employs 26,000 people. The Company sells its products to over 1,400 major customers engaged in the energy, automotive, construction, fast moving consumer goods (FMCG), chemical and other industries in approximately 70 countries worldwide.
MRC