Gulf Oil and Gas accountACCOUNT

SIBUR Begins Polypropylene Imports to Reduce Deficit

Source: www.gulfoilandgas.com 5/10/2012, Location: Asia

SIBUR is beginning temporary imports of basic grades of polypropylene to reduce the existing deficit in the Russian market. The pilot shipment will amount to 500 tonnes, with subsequent increases in imports up to 2 thousand tonnes per month.

The deficit in the Russian polypropylene market arose due to a forced shutdown of several plants unaffiliated with SIBUR (Stavrolen in Stavropol Krai and the Lisichanskiy refinery in Ukraine), which coincided with the seasonal increase in demand from polypropylene refiners.

The imported volumes will be sold at market prices with a minimal commission from SIBUR. The polypropylene will be purchased from China, India, and the Middle East.

«SIBUR's strategy is focused on developing the base polymer segment, with polypropylene refiners as our key clients», Sergey Komyshan, Managing Director and Head of SIBUR's Basic Polymers Division said.

«It is important that we support our customers until our Tobolsk-Polymer project is put into operation. The increased production volumes at our existing sites, coupled with additional imports of polypropylene, will help to reduce the price pressure on refiners from independent traders».

In 2011, Tomskneftekhim produced 128.8 thousand tonnes of polypropylene, while SPE Neftekhimiya, the joint venture between SIBUR and Gazprom neft, produced 114.4 thousand tonnes. The combined capacity of the two facilities grew in 2011 to 243.2 thousand tonnes, an increase of more than 11% from 2010.

Tobolsk-Polymer will be Europe's largest complex for the production of polypropylene, with a capacity of 500 thousand tonnes per year. Construction on the site is expected to finish in the third quarter of 2012, with production due to start in early 2013.

Petrochemicals News in Russia >>

Russia >>  8/15/2019 - SIBUR’s Blagoveshchensk site has held a ceremony to celebrate the completed reconstruction of the terephthalic acid production facility, the only one ...
Russia >>  8/13/2019 - Gazpromneft-Bitumen Materials, operator of the Gazprom Neft bitumens business, achieved sales of more than 100,000 tonnes of high-tech modified bitume...

Iran >>  8/7/2019 - The CEO of the Persian Gulf Petrochemical Industries Company (PGPIC) said the holding company was currently building projects with a total value of 10...
Russia >>  11/28/2014 - The Board of Directors of Gazprom Neft has reviewed information on the progress of the modernisation of the company’s oil refining facilities, and the...

Related Categories: Agents, Anti-foaming  Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Grout  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Summer Diesel  Surfactants 

Related Articles: Aromatic Solvents  Butene  Cleaning  Corrosion Inhibiting  Crude Oil  Diesel Fuel  Ethylene  Fluids Drilling, Completion, Workover & Stimulation  Fluids/Chemicals  Fracturing Sand  Fuel oil  Gasoline (Lead free)  General  Jet fuel  Kerosene. Domestic use  Lubricants, Oils & Greases  Nitrogen  Oil Treating & Refining  Polyethylene  Polyvinyl chloride  Propane  Sand, Sandblast  Surfactants 


Russia Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 |

More News

Related Links

AZ BD BN CN GE HK ID IN IR JP KR KZ MM MN MY PG PH PK RU SG TH TJ TM TW UA UZ VN
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.