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Sibur Sells MTBE Unit to Roel Corp.

5:44 AM MST | February 3, 2010 | Natasha Alperowicz

Sibur (Moscow) says it has agreed to sell its Kauchuk JSC (Volzhskii, Russia) unit to Roel Corp. (Moscow). The deal forms part of Sibur's exit from non-core businesses, the company says. Kauchuk mainly makes methyl tert-butyl ether (MTBE) at its Volzhskii based plant. Last year it produced 135,000 m.t./year of MTBE. Sibur says that it will remain the principal supplier of raw materials to Kauchuk, under the agreement. The deal is expected to be close within the next 3-4 months. The buyer of Kauchuk plans to develop the production site into a biochemical...

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