Russia’s Rosneft finalizes acquisition of Sanors
Through this transaction, Rosneft reportedly aims to enhance its ability to meet growing domestic demand for key polymers and other chemical products. It was reported in a statement that the integration of SANORS and Rosneft will have a stimulating effect on the economy of the Novokuibyshevsk and Samara regions.
SANORS Holding Limited was comprised of three petrochemical companies located in Novokuibyshevsk in Russia’s Samara region: Samaraorgsintez, which produces phenol and acetone, Petrochemistry, which produces synthetic ethanol, and Novokuibyshevsk, which produces butylphenol para-tertiary (PTBF).
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