MOSCOW (MRC) - SIBUR and TAIF are preparing to sign a number of agreements to compensate investment costs, Interfax reports, citing the words of SIBUR head Dmitry Konov.
"As far as I know, both TAIF and SIBUR are getting ready to sign an agreement on the reverse excise tax on the modernization of capacities, as well as to compensate for investment costs. production facilities in Tatarstan, "- said D. Konov during his visit to Nizhnekamskneftekhim (part of the TAIF group).
"I am sure that the more projects there are - and I understand that TAIF has a lot of these projects and this program will be implemented, the more support there will be," he said. According to D. Konov, the state "obviously sets the goal of expanding investment in production, modernization, and growth of non-resource exports." "And petrochemistry is a key industry in this regard," he said.
SIBUR and TAIF in April announced plans to combine assets. As part of the merger, a company will be created on the basis of SIBUR Holding, in which the current shareholders of TAIF will receive a 15% stake in exchange for the transfer of a controlling stake in a group consisting of petrochemical and energy enterprises. The remaining stake in TAIF can be subsequently purchased by the merged company. Earlier it was reported that on May 26, the FAS received a petition from SIBUR to acquire 100% of TAIF.
The largest petrochemical holdings in Russia - SIBUR and TAIF - in April announced plans to combine their assets. Within the framework of the merger, a company will be created on the basis of SIBUR Holding, in which the current shareholders of TAIF PSC will receive a 15% stake in exchange for the transfer of a controlling stake in a group consisting of petrochemical and energy enterprises. The remaining stake in TAIF can be subsequently purchased by the merged company.
Earlier it was reported that TAIF together with SIBUR will spend more than 1 trillion rubles. for the implementation of joint projects. In total, the companies plan to implement over 30 projects.
According to MRC's ScanPlast, the estimated consumption of PE in Russia amounted to 576.27 thousand tons in the first quarter of 2021, which is 4% more than in the same period a year earlier. The supply of high-density polyethylene (LDPE) and low-density polyethylene (HDPE) increased. At the same time, PP supplies to the Russian market in the first three months of the year amounted to 410.89 thousand tons, which is 56% more than a year earlier. The supply of propylene homopolymer (PP-homo) and propylene block copolymer (PP-block) increased.
SIBUR is the largest vertically integrated gas processing and petrochemical company in Russia, uniting a number of production sites in various regions of the Russian Federation. The company sells products to consumers in the fuel and energy complex, automotive, construction, consumer goods, chemical and other industries in more than 80 countries around the world.
PSC "TAIF" was established in 1995, is the parent company of the group of the same name, which includes enterprises structured in four business areas: oil and gas processing, chemistry and petrochemistry (energy); investment and financial services; building; telecommunications and complex services, including trade. TAIF Group of Companies is a large Russian holding that controls 96% of the chemical, petrochemical and oil and gas processing industries in Tatarstan. The most important of its areas is the Chemistry, Petrochemistry and Oil and Gas Processing Division, which includes the leading Russian polymer producers Nizhnekamskneftekhim and Kazanorgsintez.
MRC