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Sibur and Lukoil Invest Further in Polyef JV

1:33 PM MDT | July 25, 2007 | Chemical Week Editorial Staff

Sibur (Moscow) and Lukoil-Neftekhim (Moscow) say they have agreed to invest $840 million to expand the Blagoveshchensk, Russia polyester complex of the companies’ Polyef (Blagoveshchensk) joint venture (CW, Sept. 27, 2006, p. 31). The complex is still under construction decades after equipment was ordered. In a first phase, it will produce 230,000 m.t./year of purified terephthalic acid (PTA) and 240,000 m.t./year of polyethylene terephthalate (PET) bottle resin, as well as preforms. The PTA plant has been completed and the PET unit is due online this fall...

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