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With an investment of over US$10 billion, SIBUR's Russian light hydrocarbon cracking to olefins project broke ground

 Last Update: 2022-08-24
 Source: Internet
 Author: User

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Russia's Sibur Petrochemical Company announced on Tuesday that it has started building what is expected to be the world's largest cracker in Russia's Amur region

The Amur Gas Chemical Plant (GCC) is expected to have a production capacity of 2.
3 million tonnes per annum of polyethylene (PE) and 400,000 tonnes of polypropylene (PP) and is expected to be commissioned in 2024-25

Production at the plant will use ethane and liquefied petroleum gas (LPG) from Gazprom's Amur gas processing plant as feedstocks

Strategically located in the region and designed to serve key buyers in Asia, the plant has a capacity of 1.
35 times SIBUR's total polymer exports in 2019

Dmitry Konov, chairman of the board of directors of Russia's SIBUR, told reporters that SIBUR is not ready to introduce new shareholders other than Sinopec to the Amur Gas and Chemical Complex

Konov pointed out that the cooperation with PetroChina will help the products of the Amur gas chemical complex to be positioned in the Asian market

In addition, Konkov explained, the joint venture with Sinopec also contributes to the sale of finished products

SIBUR said the company's two flagship petrochemical projects in Tyumen and Amur regions have significantly boosted company profitability, and the company's ZapSib complex started operations earlier this year

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