MOSCOW (MRC) - Large investment projects in the oil and gas chemical complex of Tatarstan can receive state support through the mechanism for concluding investment protection agreements (SPIC), Realnoe Vremya reports, citing the words of Tatneftekhiminvest Holding CEO Rafinat Yarullin.
He believes that it is necessary to actively participate in federal initiatives. "TAIF, in synergy with SIBUR, plans to implement more than 30 projects, their cost will be determined, also somewhere around 1 trillion," he said.
The volume of investments of the Tatneft group under the strategy program until 2030 will amount to 1.2 trillion rubles. Ammonia will invest heavily in diversifying its production to ensure carbon neutrality and environmental sustainability. "You can get support for these projects through the conclusion of contracts in the SPIC," Yarullin said.
Earlier it was reported that TAIF together with SIBUR will spend more than 1 trillion rubles. for the implementation of joint projects. In total, the companies plan to implement over 30 projects.
The companies previously signed a legally binding asset pooling agreement. The deal involves the exchange of a minimum controlling stake in TAIF for a 15% stake in SIBUR. To complete the transaction, SIBUR will conduct an additional share issue. The merged enterprise will have an option to buy out the remaining stake in TAIF, and TAIF shareholders will also have the right to activate this option.
After the completion of all investment projects underway - the Amur Mining and Chemical Combine and the construction of a new pyrolysis facility at Nizhnekamskneftekhim, the combined company will enter the TOP-5 global leaders in the production of polyolefins and rubbers, whose combined capacity will amount to 8 million tons of polyolefins and 1.2 million tonnes of rubbers.
Earlier it was reported that SIBUR increased its sales of polypropylene and polyethylene last year amid growing utilization of the ZapSibNeftekhim complex. This led to an increase in the company's revenue in the olefins and polyolefins segment by 77.1% to Rb187.3 bn. This growth was mainly due to an increase in sales of polypropylene and polyethylene as a result of increased utilization of the ZapSibNeftekhim complex and was partially offset by a decrease in prices for these types of products.
SIBUR is the largest vertically integrated gas processing and petrochemical company in Russia, uniting a number of production sites in various regions of the Russian Federation. The company sells products to consumers in the fuel and energy complex, automotive, construction, consumer goods, chemical and other industries in more than 80 countries around the world.
PSC "TAIF" was established in 1995, is the parent company of the group of the same name, which includes enterprises structured in four business areas: oil and gas processing, chemistry and petrochemistry (energy); investment and financial services; building; telecommunications and complex services, including trade. TAIF Group of Companies is a large Russian holding that controls 96% of the chemical, petrochemical and oil and gas processing industries in Tatarstan. The most important of its directions is the "Chemistry, Petrochemistry and Oil and Gas Processing" division, which includes the leading Russian polymer producers Nizhnekamskneftekhim and Kazanorgsintez.
MRC