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Sibur readies world-scale PP plant, to decide soon on major olefins complex

10:52 AM MDT | April 16, 2013 | Natasha Alperowicz

Sibur (Moscow), Russia’s largest petrochemicals company, has outlined its investment plans and announced the completion of a 500,000-m.t./year polypropylene (PP) plant at Tobolsk, Russia. Russian regulators are currently on-site inspecting the facility before approving the start of operations. Sibur says that although there has been no progress on a previously announced initial public offering, the company is already behaving as if it were publicly quoted, with full transparency of its financial results.   Dmitry Konov, Sibur CEO; and newly appointed...

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