Dmitry Konov - Business-News-Today.com

Russia’s SIBUR and TAIF agree to merge petrochemical businesses

By Pallavi Madhiraju on April 23, 2021 Energy Industry News

Russia’s SIBUR and TAIF have agreed to merge their petrochemical businesses with an objective to become a top five producer of polyolefin and rubber products in the world. As per the terms of the deal, existing TAIF shareholders will get a stake of 15% in SIBUR in return for a controlling stake in TAIF’s group of […]

Sibur upgrades terephthalic acid production facility in Blagoveshchensk

By Raghuram Kadari on August 16, 2019 Chemical Industry News

Russian petrochemicals company Sibur has upgraded its terephthalic acid production facility (TPA production facility) at its Blagoveshchensk site in Russia to meet the growing demand for the polymer in the country and phase out reliance on imports. The upgrade will increase the capacity of the country’s only terephthalic acid production facility from 272,000 to 350,000 tons […]