SIBUR was established in 1995, marking a pivotal initiative aimed at revitalizing fragmented ties within the petrochemical industry post the Soviet Union's dissolution. Under the management of Gazprom, the company initiated its transformation into a formidable national entity within the realm of deep hydrocarbon conversion.
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Leveraging expertise in chemical synthesis to reshape the future
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SIBUR emerges as a prominent global petrochemical entity, experiencing rapid growth and holding a top position in Russia's polymer and rubber production sector. The company plays a crucial role in providing vital products for the economy, utilizing advanced technologies to foster innovation and actively investing in social infrastructure to enhance the quality of life within communities.
SIBUR initiated an extensive investment drive, emphasizing the augmentation of gas processing to fortify the company's raw material foundation. Through the development and enlargement of gas processing facilities, compressor stations, the pipeline network, and gas fractionation facilities, SIBUR witnessed a threefold increase in its associated petroleum gas processing capacities.
On October 4, 2021, the collaboration between SIBUR and TAIF Group reached fruition as they amalgamated their assets, giving rise to the largest petrochemical company in Russia and a prominent global player. This consolidation significantly fortified the resilience and competitiveness of the new company's petrochemical operations on a global scale. It also unlocked the growth potential of the Russian petrochemical industry, characterized by high capital intensity, while augmenting non-commodity chemical exports.
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POLIEF PET refers to PET (Polyethylene Terephthalate) produced by the Russian company POLIEF. PET is...more