Sibur to Build Russia's Largest Polypropylene Plant
Russian petrochemical company Sibur has announced that its subsidiary Tobolsk-Polymer has secured $153m to build Russia's largest polypropylene chemicals complex.
The funds from state-run bank Vnesheconombank will be used to build a polypropylene production complex in Tobolsk (Tyumen region) with a capacity of 500,000t/y.
The main equipment for the new plant will be delivered at the construction site during 2010 and 2011, Sibur said.
The polypropylene complex proposed by Sibur is part of the "Strategy for the Development of the Chemical and Petrochemical Industry in Russia for the period to 2015".
The project aims to improve the efficiency of Russia's natural resources, ecology and environmental protection and boost industries such as housing and communal services.
The construction is scheduled to be complete in the second quarter of 2012, followed by the start of pre-commissioning work.