SIBUR and Sinopec sign agreements to jointly produce and sell petrochemicals

Under the deal, SIBUR and Sinopec have agreed to join forces to process natural gas into petrochemicals in Russia and China, and to engage in R&D and personnel training cooperation to facilitate sharing of knowledge and expertise.

SIBUR International GmbH (SIBUR’s export division) and Sinopec Chemical Commercial Holding (Hong Kong) Company Limited have signed a distribution agreement to supply polyethylene to China from SIBUR’s ZapSibNeftekhim site.

“The agreements are a testament to the successful cooperation that has existed for years between our company and one of the global petrochemical leaders and will drive further expansion of SIBUR and Russian petrochemical products into China”, said Dmitry Konov, Chairman of the Management Board at SIBUR Holding.