Thanks to its new competencies and industry leadership, the company was able to start on ZapSibNeftekhim investment project, the largest of its kind not only for SIBUR, but for the entire Russian petrochemical industry. The project investments are estimated at USD 9.5 bn, with the share of domestic contractors and suppliers accounting for at least RUB 220 bn.
ZapSibNeftekhim to be launched on the basis of Tobolsk Production Site in 2020, will become Russia's largest petrochemical complex with an annual capacity 1.5 mtpa of ethylene and 2 mtpa of polymers. It will allow SIBUR to almost double polymer production capacities in Russia.
SIBUR is also considering the construction of a petrochemical facility in the Amur Region in Russia's Far East after 2023–2024.
These facilities currently rank among the Top 5 largest global petrochemical projects; they will help boost the export potential of the Russian petrochemical industry and bolster SIBUR’s position as a major regional player in the international market.
In its priority area of basic polymer production, SIBUR is focusing on global scale projects, whereas in rubber business, it seeks partnerships with the leading producers in the key developing sales markets – China and India.
In 2013, SIBUR and China's Sinopec entered into a JV using the capacities of Krasnoyarsk Synthetic Rubbers Plant (KZSK), which exports a significant share of its products to China. A JV between SIBUR and Reliance Industries Ltd became a unique project for both the company and the entire Russian petrochemical industry. The JV is building a 120 ktpa butyl rubber plant in India, which will make use of SIBUR’s proprietary technologies.
The company’s project, construction and engineering competencies and expertise have become strong enough to capitalise on them by offering services to other market participants. SIBUR's EPC expertise is concentrated in NIPIgaspererabotka, which is currently a leading Russian centre for facility design, supply, logistics and construction engaged in the largest oil and gas and petrochemical projects.
SIBUR is also hard at work developing proprietary technologies. Its corporate R&D Centre NIOST conducts active research looking for new solutions. SIBUR’s R&D activities have broken even and are yielding increasingly high profits.
The new SIBUR holds not just local, but global investor appeal, with the company’s margins reaching those of international leaders.
In 2015, the company welcomed its first foreign investor after a deal was closed in December to make Sinopec SIBUR's strategic investor with a stake of 10%. In 2016, SIBUR signed an agreement to sell a 10% stake to China’s Silk Road Fund.