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COVID-19 - News digest as of 09.09.2021

September 09/2021

1. SIBUR expects market growth in the petrochemicals segment in 2021-2022

MOSCOW (MRC) - SIBUR expects market growth in the oil and gas chemistry segment in 2021-2022, despite the threat of new strains of coronavirus, which will have a positive impact on the company, TASS reports, citing the words of the managing director of the company Pavel Lyakhovich as part of the VI Eastern Economic forum. "Limitations, of course, are possible anyway, because the coronavirus has not disappeared anywhere, it is constantly mutating. Unfortunately, it moves between borders rather quickly, so here, of course, the influence of it and new strains is possible on all segments. And, of course, forecasts. As usual, this is not a very rewarding business. But if some collapses do not happen, then we see that 2021-2022 will show growth for us in the segment itself, which cannot but rejoice, "said the managing director of SIBUR.

2. SIBUR increased petrochemical exports to Europe as pandemic shock subsides

MOSCOW (MRC) -- Russian petrochemicals giant SIBUR has recovered from the initial shock of the pandemic and is increasing its exports, mainly to Europe, thanks to surging demand for medical equipment, a senior executive told Reuters. SIBUR, the largest petrochemicals producer in eastern Europe, is ramping up production following construction of the ZapSibNefteKhim plant in the Western Siberian city of Tobolsk and a merger with TAIF, yet to be completed. Sergey Komyshan, executive director of SIBUR, told Reuters in comments cleared for publication on Wednesday that the company expects the ZapSib plant to produce two million tonnes of polymers, mostly polyethylene and polypropylene, this year.
Author:Margaret Volkova
Tags:PP, PE, petrochemistry, Sibur Holding, Taif -NK, COVID-19, Russia.
Category:General News
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