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Russia could face ethylene overcapacity, Sibur warns

8:58 AM MDT | July 5, 2013 | Natasha Alperowicz

Sibur, Russia’s leading petrochemicals producer, has expressed concerns over possible ethylene overcapacity in the Volga region, if all the announced investments materialize and called on the government to better balance these plans. The discussion took place at a high-level meeting chaired by Prime Minister Dmitry Medvedev at Blagoveshchensk earlier this week on the development of the chemical and petrochemical sector in the Russian Federation.  Sibur’s CEO Dmitry Konov said that the many plans announced would require an investment of about $30...

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