MOSCOW (MRC) -- Air Products has appointed executive vice president Samir Serhan as chief operating officer (COO). Serhan has served as executive vice president since December 2016, and leads the company’s technology, engineering, project execution, procurement, manufacturing, construction, and start-up functions, said Chemweek.
With the appointment as COO, Serhan assumes full profit and loss responsibility for the Americas, Air Products’s largest operating region, representing 45% of total company sales in fiscal-year 2019.
The company previously announced on 21 May that it extended chairman and CEO Seifi Ghasemi's term through September 2025.
As MRC wrote earlier, in December 2014, SIBUR-Khimprom (a subsidiary of SIBUR Holding) and Air Products entered into an agreement to build a new air separation unit in Perm and to supply the facility with locally produced gases. The unit came on-stream in 2016. After the commissioning Air Products will supply industrial gases for SIBUR-Khimprom over the next 20 years.
Besides, we remind that in September 2019, SIBUR, the largest petrochemical comples in Russia and Eastern Europe, and BASF, Geman petrochemical major, agreed to closely cooperate on sustainable development to share their best practices.
Ethylene and propylene are feedstocks for producing polyethylene (PE) and polpropylene (PP).
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 557,060 tonnes in the first three month of 2020, up by 7% year on year. High density polyethylene (HDPE) and linear low density polyethylene (LLDPE) shipments rose because of the increased capacity utilisation at ZapSibNeftekhim. Demand for LDPE subsided. At the same time, PP shipments to the Russian market was 267,630 tonnes in January-March 2020, down 20% year on year. Homopolymer PP and PP block copolymers accounted for the main decrease in imports.
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