Sibur, Solvay JV to build Russian chemicals plant
Russian-based petrochemical company Sibur and Solvay have signed an agreement to construct RusPAV, a 50 / 50 joint venture (JV), to produce oil field process chemicals and surfactant in Dzerzhinsk.
As part of the JV, Sibur will provide its raw materials, production and logistics capabilities, as well as also developing the surfactants business in oil and gas markets in Russia and the CIS.
Solvay, a partner in the JV, will provide surfactant technologies, formulations, market applications and a global customer network, particularly in the home, personal care, oil and gas markets.
Sibur CEO Dmitry Konov said: ''Solvay's strong experience in the surfactants business combined with SIBUR's unique raw materials base and market knowledge, will enable us to strengthen our leading positions in the CIS market."
Solvay global business unit Novecare head Emmanuel Butstraen said: ''Thanks to this venture with our longtime and well-established Russian partner SIBUR, we can bring our experience and technology to this dynamic region and help our customers tackle the challenge of developing performance products."
Sibur plastics and organic synthesis division business development director Valery Andosov said: ''This joint venture supports SIBUR's ambition to expand commercialization of its core products into carefully selected fast growing markets. We look forward to delivering value added products to our future customers."
The plant, which is scheduled to be operational in 2015, will be located near Sibur's petrochemicals operations, 400km east of Moscow, Russia.