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Nipigaz and French Technip will decarbonize Zapsibneftekhim

September 20/2021

MOSCOW (MRC) -- The engineering company Nipigaz, as part of a joint venture with the French Technip Energies, will deal with the decarbonization project for Zapsibneftekhim, Chairman of the Board, CEO of Sibur Mikhail Karisalov said in an interview.

In July, Sibur announced that within the framework of the deal with TAIF on the merger of oil and gas chemical businesses, it would exclude from its structure a non-core asset - the engineering company Nipigaz, whose shares would be distributed as dividends among the existing shareholders of Sibur Holding. According to Karisalov, the deconsolidation will take place in the near future.

Now "Nipigaz" through Nova Energies (a joint venture with Technip) is engaged in the project for decarbonization of the production of "Zapsibneftekhim", with a very interesting potential, Karisalov said.

As you know, the Tobolsk industrial site has a thermal power plant, which we once bought from Fortum. In addition, there are production facilities themselves - both those that were historically and that we have created over the past 10 years. So, the total potential of the project on decarbonization of our Tobolsk cluster - this is a decrease in emissions by almost 4 million tons of CO2 equivalent, "he said.

Karisalov noted that shareholders are looking for competitive niches for their engineering company, and low-carbon technologies are an area where today there is an opportunity to be among the first. Therefore, we are looking at projects to reduce our carbon footprint with great interest. This implies both the development of know-how and the integration of available solutions, he concluded.

Let us remind you that in March Nipigaz reported in March that a joint venture with Nova Energies is being created to implement investment projects to reduce carbon dioxide emissions in the field of bioenergy, biochemistry, production of pure hydrogen and ammonia.

Ethylene and propylene are the main feedstocks for the production of polyethylene (PE) and polypropylene (PP), respectively.

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,176,860 tonnes in the first half of 2021, up by 5% year on year. Shipments of exclusively low density polyethylene (LDPE) decreased. At the same time, PP shipments to the Russian market were 727,160 tonnes in the first six months of 2021, up by 31% year on year. Supply of homopolymer PP and block-copolymers of propylene (PP block copolymers) increased. Supply of statistical copolymers of propylene (PP random copolymers) subsided.
Author:Anna Larionova
Tags:petroleum products, crude oil, PP, PE, ethylene, propylene, neftegaz, petrochemistry, Technip, ZapSibNeftekhim, Sibur Holding.
Category:General News
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