«SIBUR» LLC is the managing organization of PJSC «SIBUR Holding».
117218, Moscow, Krzhizhanovsky st., 16/1
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Moscow, 11 February 2021. PJSC SIBUR Holding, the largest integrated petrochemicals company in Russia and one of the fastest-growing companies in the global petrochemical industry, today announces its operating and financial results for the fourth quarter and full year ended 31 December 2020 in accordance with International Financial Reporting Standards (IFRS).
Highlights for FY 2020:
Amur Gas Chemical Complex (Amur GCC)
Production of TPE in Voronezh
Production of green PET granules at POLIEF
Production of butyl and halobutyl rubber in Jamnagar (JV with Reliance Industries Ltd)
Focus on sustainable development
“In 2020, SIBUR delivered an increase in key financial and operating results and maintained high margins despite a challenging macroeconomic environment. This was possible above all due to the launch of ZapSibNeftekhim and cost optimisation measures.
“Despite partial optimisation of our investment programme, we maintained our focus on expanding our petrochemical business and continued implementing our key projects. We made the final investment decision on our next key growth project – the Amur Gas Chemical Complex – and started the construction.
“The pandemic and the instability it caused confirmed our conviction that the Company’s future growth should be based on sustainable development principles and the circular economy. In 2020, we continued implementation of our Sustainable Development Strategy according to the plan. Throughout the year, the health and safety of our employees remained our highest priority. We invested over RUB 2.9 billion during the year to mitigate risks associated with the pandemic.
“Our POLIEF enterprise launched a project for PET production with the addition of up to 25% of secondary raw materials. At our Novokuibyshevsk and Tver facilities, we increased the use of green energy produced from renewable energy sources. We also have an extensive R&D programme that works alongside leading industry experts – both Russian and international – to implement green technologies and create new circular-economy products.”
International Media Relations
SIBUR secures international verification of certified emission reductions (CERs) earned by its climate project at ZapSibNeftekhim
SIBUR announces the start of Green Formula
SIBUR announces changes in the Company’s governance structure
SIBUR to repay NWF loan ahead of time
SIBUR runs a survey to identify material topics for its 2021 Integrated Report