News

SIBUR Holding, Russia’s leading petrochemicals company and one of the most rapidly growing petrochemicals businesses globally, and China Petroleum & Chemical Corporation (Sinopec), China’s leading energy and chemical company, have closed the deal to set up a joint venture (JV) at the Amur Gas Chemical Complex after obtaining all the necessary approvals from the regulators of both countries. SIBUR and Sinopec will hold interest in the JV in the amount of 60% and 40%, respectively.

The international Carbon Disclosure Project (CDP) has published the results of an independent assessment of Russian companies in terms of their climate performance, and the climate ratings assigned to them. In 2020, SIBUR’s score improved from C (awareness level) to B (management level).

The information on the procedure of Kirill Shamalov’s acquisition of SIBUR shares published by some media is not true.

SIBUR started manufacturing new PP grades to produce raffia, specifically PP H043FF/3 and PP H063FF/3, which boost equipment performance and processing stability while being used for the high-speed production of flat film thread for soft woven packaging such as bags and big bags, waterproof roofing underlays, and twines.