MOSCOW (SIBUR) -- Federal authorities have accepted Sibur's project of a new polypropylene production complex in Tobolsk, Siberia. The project is admitted to be fully respectable to all the egineering conditions and appropriatable to all the Federal standards.
The complex will produce 500,000 tons of polypropylene a year. Its annual output of polypropylene, used in food containers and textile fibers, is now 220,000 tons. It is expected to be launched at full capacity at the end of 2012.
Sibur Holding is the largest Russian petrochemical group.
Gazprombank (70% minus 1 share);
Gazfond (25% plus 1 share);
5% reserved for option program.
The share in the Russian market in 2008:
polyethylene - 11.1%;