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Sinopec to acquire stake in Sibur's synthetic rubbers plant in Russia

3:46 PM MDT | October 31, 2012 | Sotirios Frantzanas

Sinopec has reached an agreement to purchase a 25% stake plus 1 share of Sibur's Krasnoyarsk Synthetic Rubbers Plant (KSRP) located in the Krasnoyarsk region, Russia. The agreement that was signed in presence of Sibur's CEO Dmitry Konov and Wang Tianpu, president of  China Petroleum and Chemical Corporation, is subject to approval from Russian and Chinese regulatory authorities. The two companies have pr eviously signed a cooperation agreement to create a joint venture (JV) to produce nitrile rubbers (NBR) on the base of KSRP. The shareholders will also...

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