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Gazprom and SIBUR to assess gas processing and petrochemical projects in Tatarstan and Yamal-Nenets Autonomous Area

October 08/2019

MOSCOW (MRC) -- Gazprom and SIBUR get down to assessing gas processing and petrochemical projects in the Republic of Tatarstan and Yamal-Nenets Autonomous Area, said the company.

On the margins of the 9th St Petersburg International Gas Forum SIBUR and Gazprom have signed two roadmaps to promote cooperation between the two companies on large-scale investment projects in the realm of gas processing and petrochemistry.

The documents were issued in furtherance of the Cooperation Agreement signed in September 2019 at the 5th Eastern Economic Forum.

The first roadmap envisages completion of feasibility studies for projects involving transportation of ethane-containing gas from the deposits of the Nadym-Pur-Taz region and construction of a gas processing plant in the Republic of Tatarstan.

The second roadmap deals with the diagnostics, geotechnical investigations and construction cost estimates required for completion of the Novy Urengoy Gas Chemical Complex project in the Yamal-Nenets Autonomous Area.

Based on the results of the roadmap activities, the parties will decide on further cooperation in project implementation.

As it was informed earlier, SIBUR subsidiary BIAXPLEN has acquired a 50% stake in the European BOPP film producer Manucor. Manucor is a leading European BOPP (biaxially oriented polypropylene) film producer, with a single production site of 100,000 tonnes/year in Italy. BIAXPLEN is a subsidiary of Russian petrochemical company SIBUR, and Russias largest BOPP film producer.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polyprolypele (PP).

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,255,800 tonnes in the first seven months of 2019, up by 9% year on year. Shipments of all PE grades increased. Meanwhile, the estimated PP consumption in the Russian market was 796,120 tonnes in January-July 2019, up by 11% year on year. Shipments of PP block copolymer and homopolymer PP increased.

SIBUR is the largest integrated petrochemicals company in Russia. The Group sells its petrochemical products on the Russian and international markets in two business segments: Olefins & Polyolefins (polypropylene, polyethylene, BOPP films, etc.) Plastics, Elastomers & Intermediates (synthetic rubbers, EPS, PET, etc.). SIBURs petrochemicals business utilises mainly own feedstock, which is produced by the Midstream segment using by-products purchased from oil and gas companies. More than 26,000 employees working in SIBUR contribute to the success of customers engaged in the chemical, fast moving consumer goods (FMCG), automotive, construction, energy and other industries in 80 countries worldwide. In 2018, SIBUR reported revenue of USD 9.1 billion and adjusted EBITDA of USD 3.3 billion.
Author:Anna Larionova
Tags:PP, PE, gaz prirodniy, gas processing, Gazprom, Sibur Holding.
Category:General News
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