Russia’s Sibur starts construction of ZapSibNeftekhim project
However, the start up of the complex may take at least four years, longer than the initially projected construction time, because of some economic issues stemming from a slump in crude oil prices, a weaker rubble against the dollar and ongoing EU sanctions against the country.
The project will include a steam cracker will with a capacity of 1.5 million tons/year of ethylene, around 500,000 tons/year of propylene and 100,000 tons/year of butane-butylene fraction. The complex will also house a 1.5 million tons/year PE plant and a 500,000 tons/year PP plant.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Turkey PP, PE markets extending uptrend into December
- Rising energy and feedstock prices prompt further gains in Asia PET markets
- Upward trend gains momentum in China's import PP, PE markets
- Egypt’s import PVC market in short supply; local prices gear up
- December hints at further hikes in Europe’s PS, ABS markets
- Global polymer markets face soaring freights amid pent-up demand
- RCEP to boost Asia-Pacific polymer trade; will global PP, PE trade flows change?
- PVC sellers’ India pricing strategy may differ from other Asian markets
- More US PE offers find way to China, SE Asia; yet allocations still limited
- European PVC market hits 2-year high on tightness