Konov: Russia will become an exporter of polypropylene. Sibur has acquired a 50% stake in PP manufacturer NPP Neftekhimya from Moscow Oil Refinery (MOR). NPP Neftekhimya will be operated as a 50-50 joint venture between Sibur and MOR. The PP plant is located at MORâs Moscow refinery site. Financial terms of the deal" />
IHS Chemical Week

Chemical Week Magazine :: Business & Finance :: Europe/Mideast

Sibur Buys Stake in PP Maker; Acquires Polyolefin Processor

7:14 AM MDT | September 10, 2010 | Ian Young

Sibur (Moscow) has announced two acquisitions that will expand the company’s polyolefins business. One of the deals has made the company the biggest producer of polypropylene (PP) in Russia. Konov: Russia will become an exporter of polypropylene. Sibur has acquired a 50% stake in PP manufacturer NPP Neftekhimya from Moscow Oil Refinery (MOR). NPP Neftekhimya will be operated as a 50-50 joint venture between Sibur and MOR. The PP plant is located at MOR’s Moscow refinery site. Financial terms of the deal...

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