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SIBUR and Sinopec formally form a joint venture to build a $10.
7 billion integrated project
After obtaining all necessary approvals from the regulators of both countries, SIBUR and Sinopec have reached an agreement to establish a joint venture (JV) at the Amur Gas-to-Chemical Plant
.
After the completion of the "Amur Natural Gas Chemical Plant" project in the Amur region of Russia, it is expected that its polymer production capacity will reach 2.
7 million tons per year, including 2.
3 million tons of polyethylene (PE) and 400,000 tons of polypropylene (PP)
.
According to the Russian side, the Amur Natural Chemical Park will become the world's largest base polymer production base with an annual production capacity of 2.
7 million tons, including 2.
3 million tons of polyethylene and 400,000 tons of polypropylene.
These products are widely used In building materials, fiber products, medical equipment, chemical containers and other fields
.
It is understood that the construction of the Sino-Russian Amur Natural Gas Chemical Park will be carried out simultaneously with the gas processing plant project of Gazprom, the largest natural gas mining company in Russia, which is also located in Amur.
value-added products, and then ship the main products to the Chinese market
.
