Sibur

SIBUR (PJSC SIBUR Holding) is a Russian petrochemicals company founded in 1995¹ and headquartered in Moscow. SIBUR is the largest integrated petrochemicals company in Russia and one of the fastest-growing companies in the global petrochemicals industry. Company purchases hydrocarbons and processes them into plastics, rubbers and other high value added products. According to the company's webpage, the Group sells its petrochemical products on the Russian and international markets in two business segments: Olefins & Polyolefins (polypropylene, polyethylene, BOPP films, etc.), Plastics & Intermediates (EPS, PET, etc.), and Elastomers. SIBUR's petrochemicals business utilises mainly its own feedstock, which is produced by its Midstream segment using by-products purchased from oil and gas companies. The group owns and operates Russia's largest and most extensive integrated midstream asset base for processing and transportation of APG and NGLs, located primarily in Western Siberia, which is the largest oil and gas producing region in Russia and where the Group sources most of its feedstock. SIBUR's production facilities are located in over 20 Russian regions and employ over 44,000 employees¹ as the company indicates. The company's products are used in the chemical, fast-moving consumer goods, automotive, construction, energy and other industries in 80 countries worldwide.…

SIBUR (PJSC SIBUR Holding) is a Russian petrochemicals company founded in 1995 and headquartered in Moscow. SIBUR is the largest integrated petrochemicals company in Russia and one of the fastest-growing companies in the global petrochemicals industry. Company purchases hydrocarbons and processes them into plastics, rubbers and other high value added products. According to the company's webpage, the Group sells its petrochemical products on the Russian and international markets in two business segments: Olefins & Polyolefins (polypropylene, polyethylene, BOPP films, etc.), Plastics & Intermediates (EPS, PET, etc.), and Elastomers. SIBUR's petrochemicals business utilises mainly its own feedstock, which is produced by its Midstream segment using by-products purchased from oil and gas companies. The group owns and operates Russia's largest and most extensive integrated midstream asset base for processing and transportation of APG and NGLs, located primarily in Western Siberia, which is the largest oil and gas producing region in Russia and where the Group sources most of its feedstock. SIBUR's production facilities are located in over 20 Russian regions and employ over 44,000 employees as the company indicates. The company's products are used in the chemical, fast-moving consumer goods, automotive, construction, energy and other industries in 80 countries worldwide. According to Forbes magazine's ranking of Russian companies by revenue for 2019, Sibur was the 13th-largest in Russia. The company has international presence: an office in Vienna, four offices in China, and an office in Istanbul. SIBUR has an extensive portfolio of clients in key regions for the company – Russia, Europe and China. As of today, SIBUR is a leading emerging markets petrochemical group and the largest petrochemical producer in the Russian market, according to IHS. SIBUR's newest petrochemicals facility ZapSibNeftekhim ranks in Top-5 largest petrochemicals projects in the world and is Europe's largest petrochemicals plant by capacity. The Group is currently working on a new project Amur Gas Chemical Complex, which is set to become the largest base polymer facility globally by capacity.

Acquisitions

In 2009, SIBUR acquired a 50% stake in BIAXPLEN, a Russian producer of BOPP films. In March 2012, SIBUR gained control of the BIAXPLEN group of companies by increasing its stake from 50% to 100%. At the time of the acquisition, production facilities belonging to the BIAXPLEN group comprised three plants located in the Nizhny Novgorod, Kursk and Moscow regions with a total annual capacity of 78,000 metric tonnes of commodity films. In 2011, SIBUR acquired JSC Acrylate, the only CIS-based producer of acrylic acid and its esters, from ATEK Group. In July 2019, SIBUR and Gazprom Neft consolidated 100% of the authorised capital in Poliom, a polypropylene plant in Omsk. Sibgazpolimer, a joint venture between the two companies, has signed an agreement to acquire a 50% stake in Poliom from the Titan Group. In November 2019, Tatneft completed the purchase of SIBUR's petrochemical facilities in Tolyatti (SIBUR Togliatti and JSC Togliattisintez). In April 2021, Sibur bought a controlling stake in oil and gas refiner company TAIF with a view to consolidate the assets. The deal sets to be closed by the end of September 2021, while the merge of Sibur and TAIF is inspecting by European Commission. In October 2021, Sibur bought petrochemical and energy assets of TAIF group and united them under SIBUR RT management company, the deal has been approved by European Commission. TAIF brand remained under the control of its historical owners and comprises entities, including refining among them, that has not been included in the deal. The whole TAIF group is appraised at 26,8 billion dollars, its majority interest – at 4 billion dollars, and the rest of the shares – at 3 billion dollars. The deal should also reduce stakes of Sibur's majority stakeholders. The share of Leonid Mikhelson – from 36 to 31%, Gennady Timchenko – from 17 to 14.45%, the stake of current and ex-top-management – from 14,5 to 12,325%, Sogaz – from 12,5 to 10,625%, Silk road Fund and Sinopec – from 10 to 8.5%.

See also

Petroleum industry in Russia

References

External links

Text derived from https://en.wikipedia.org/w/index.php?oldid=1355140375 under CC BY-SA 4.0; modifications have been made.