MOSCOW (MRC) -- On 7 December 2021, Carbon Disclosure Project (CDP) published its A List of environmental leaders. Over 13,000 companies from all over the world disclosed through CDP and were scored. In 2021, SIBUR kept its B score (management level), which is above the global average, as per the company's press release.
The company also ranked top in climate change retaining the A score (leadership level) and outperforming the industry average.
An important factor that helped SIBUR remain among the world’s above-average players was an improved score for climate risks and opportunities disclosure.
Every year, SIBUR discloses detailed information on its climate change performance and action. Targets for reducing GHG emissions are part of the Company's sustainable development strategy, which is mandatory for the management under its performance assessment metrics.
Maxim Remchukov, Head of SIBUR’s Sustainable Development said: “CDP score is one of the most recognisable in the wide range of international and Russian ESG ratings. It covers all aspects of companies’ efforts to reduce GHG emissions. Climate change has recently come to the fore of the ESG agenda: legislative requirements are being tightened both in and outside Russia, and there is a clear focus on identifying and implementing best practices in climate action. We are already seeing change as in 2021 global players have improved their positions in climate rankings thus raising the respective average scores internationally and industry-wide. The B score retained by SIBUR indicates that we keep marching forward, but to move one step further and get on the A List, SIBUR has to reach the ambitious climate change mitigation targets outlined in our updated Sustainable Development Strategy.”
As MRC reported earlier, SIBUR and Sinopec closed the deal to create a JV based on Amur GCC in late December 2020. As a result of the deal, the parties obtained joint control over the JV in shares of 60% and 40%, respectively.
SIBUR is implementing an Amur GCC project for processing ethane fraction and liquefied petroleum gases (LPG) at Gazprom's Amur GPP.
The capacity of the Amur GCC, as the future world's largest complex for the production of base polymers, will be 2.7 mln tons per year: 2.3 ml tons of polyethylene (PE) and 400,000 tons of polypropylene (PP). The complex's products will be represented by a wide range of grades. The construction of the complex is synchronized with the gradual reaching full capacity of Gazprom's Amur GPP. The approximate time frame for completion of construction and commissioning is 2024.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,868,160 tonnes in the first nine months of 2021, up by 18% year on year. Shipments of all grades of ethylene polymers increased. At the same time, PP shipments to the Russian market were 1,138,510 tonnes in the first nine months of 2021, up by 30% year on year. Supply of propylene homopolymer (homopolymer PP) and block-copolymers of propylene (PP block copolymers) increased, whereas supply of injection moulding PP random copolymers decreased significantly.
SIBUR Holding is the leader in the Russian petrochemical industry and one of the largest global companies in the sector with over 23,000 employees. Over the past 10 years, SIBUR has implemented a number of large-scale investment projects worth about Rb1 trillion.
MRC