SIBUR, Russia's largest petrochemical producer, plans to revise its strategy for developing the Amur Gas Chemical Complex (AGCC) with Sinopec, said Hydrocarbonprocessing.
The company reported that a decision on the matter would be made soon. Sources told Reuters in March that the state-run Sinopec Group had suspended talks on a major petrochemical investment and a gas marketing venture in Russia.
AGCC is set to be one of the world's largest polymer production facilities. Upon completion, the project will have a capacity of 2.3 MMtpy of polyethylene and 400 ktpy of polypropylene.
The facility is to be located near Svobodny town in the Amur Region, close to the Russian-Chinese border. Due to the location, the products were to be aimed toward Asian markets, mainly China, which is the global leader in the consumption of polymers.
The original completion of construction and commissioning of the project is scheduled for 2024.
We remind, ZapSibNeftekhim becomes first in Russia to produce maleic anhydride. The new MAN facility located at ZapSibNeftekhim in Tobolsk produced its first tonnes of commercial MAN. In late March, it was presented to Russian manufacturers of construction materials and fuel components for homologation.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 2,487,450 tonnes in 2021, up by 13% year on year. Shipments of all grades of ethylene polymers increased. At the same time, PP shipments to the Russian market totalled 1,494.280 tonnes, up by 21% year on year. Deliveries of homopolymer PP and PP block copolymers increased, whreas. Shipments of PP random copolymers decreased significantly.
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.
mrchub.com