MOSCOW (MRC) -- SIBUR, Russia’s leading petrochemicals company and one of the most rapidly growing petrochemicals businesses globally, says it has agreed a deal for the supply of recycled plastic as feedstock for the production of polyethylene terephthalate (PET) granules at its Polief plant in Blagoveshchensk, Bashkortostan, Russia, as per the company's press release.
The company has signed a contract to receive up to 4,000 metric tons/year of PET flakes made from recycled food packaging from Autopark No.1 Spetstrans, the largest operator for the collection, removal, and disposal of solid municipal waste in St. Petersburg. Deliveries will begin in 2022, it says.
SIBUR will produce primary polymer PET granules manufactured using add-ins of the recycled PET flakes, with the company’s target overall to use about 34,000 metric tons/year of recycled raw materials in its products. The PET granules produced at the Polief facility will “meet the growing market demand for PET packaging containing recycled materials, and its producers will be provided with a comprehensive solution that combines both primary and secondary PET,” Sibur says.
Autopark No.1 Spetstrans says it is planning to build a plastics processing plant in St. Petersburg within the next two years that will be able to deal with PET as well as high-density polyethylene (HDPE), low-density polyethylene (LDPE), and polypropylene (PP).
SIBUR has also entered into an agreement with TGC-1, a subsidiary of Gazprom (Moscow, Russia), for the supply of renewable electricity as part of its strategy for sustainable development until 2025. The electricity is generated by a hydroelectric power plant at Lesogorskaya, Leningrad, it says. Sibur plans to increase the amount of electricity it consumes from renewable energy sources “both through its own generation and through direct contracts with suppliers of green energy” in order to reduced greenhouse gas emissions, it says.
As MRC reported before, earlier this weak, SIBUR Holding and China Petroleum & Chemical Corporation (Sinopec), China’s leading energy and chemical company, 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.
According to MRC's ScanPlast report, Russia's PET consumption reached 61,110 tonnes in November 2020, up by 1% year on year. Overall PET consumption in Russia reached 648,110 tonnes in the first eleven months of 2020 , down by 18% year on year.
SIBUR is a uniquely positioned vertically integrated gas processing and petrochemicals company. We own and operate Russia’s largest gas processing business in terms of associated petroleum gas processing volumes and are a leader in the Russian petrochemicals industry. As of 31 March 2014, SIBUR operated 27 production sites located all over Russia, had over 1,400 large customers engaged in the energy, chemical, fast moving consumer goods (FMCG), automotive, construction and other industries in approximately 70 countries worldwide and employed over 27,000 personnel.