MOSCOW (MRC) -- SIBUR, Russian integrated gas processing and petrochemical company, and BASF, German chemical company, have extended their long-term agreement on supply of additives used for polymer manufacturing at SIBUR production facilities, as per company's press release.
The agreement provides for supply of additives improving the quality of finished products for production of polypropylene, polyethylene, synthetic rubber, thermoplastic elastomers by BASF to SIBUR. Apart from that, the parties will continue to implement their joint projects related to development of new grades of polypropylene, polymer stabilization optimization, and introduction of customer specific blends (CSB), ensuring higher production efficiency and stable high quality of products.
SIBUR and BASF signed the long-term cooperation memorandum on supply of additives used for polymer manufacturing at SIBUR production facilities in 2013.
BASF is the largest diversified chemical company in the world and is headquartered in Ludwigshafen, Germany. BASF produces a wide range of chemicals, for example solvents, amines, resins, glues, electronic-grade chemicals, industrial gases, basic petrochemicals and inorganic chemicals. The most important customers for this segment are the pharmaceutical, construction, textile and automotive industries. BASF had sales of over EUR74 billion in 2014 and over 113,000 employees as of the end of the year.
SIBUR is a vertically integrated gas processing and petrochemicals company. We own and operate Russia’s largest gas processing business in terms of associated petroleum gas processing volumes and are a leader in the Russian petrochemicals industry.
MRC