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Salavatnefteorgsintez & SIBUR ink petrochemical JV

26
Sep '08
Salavatnefteorgsintez OJSC and SIBUR Holding OJSC have signed a Memorandum of Understanding in which they state their intention to create a joint venture under the name Salavat Petrochemicals Complex LLC (SPCC).

According to the Memorandum, the SPCC project will be implemented on a parity basis. The new enterprise will be located at Salavatnefteorgsintez's production site and will be run by a joint project team.

It is anticipated that SPCC will become a major industrial complex, including large-volume production of lower olefins (ethylene, propylene) through pyrolysis of straight-run gasoline and liquefied hydrocarbon gases, with further processing of olefins and side products of pyrolysis into marketable petrochemicals, such as polyethylene, polypropylene, ethylene glycol, benzene, and butadiene.

SIBUR Holding OJSC


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