Moscow, 12 September 2013. SIBUR, a leading Russian gas processing and petrochemicals company, and the German chemicals giant BASF signed a Long-Term Cooperation Memorandum to supply additives used for polymer production and processing at SIBUR’s production facilities.
The agreement was signed by Oleg Makarov, SIBUR’s Managing Director, and Sergey Andreev, Head of BASF in Russia and CIS.
The deal provides for supplies of additives used to produce polypropylene, polyethylene, synthetic rubbers, thermoplastic elastomers (TPE), and ABS plastics at SIBUR's production facilities, with BASF ensuring also technical support. Additives help to protect polymers from harmful temperature, mechanical or light exposure.
“SIBUR is continuously working to improve the quality of its products to better serve its customers’ needs. We are happy to have signed the cooperation agreement with BASF, a recognised global leader in production of additives for polymers,” Oleg Makarov said. “Its wealth of experience and technical expertise in this segment will contribute to further quality improvements of SIBUR’s products.”
“As part of its new strategy in the Russian and CIS markets, BASF is keen to step up its presence in the region including through joint projects with its customers. We have a long-standing partnership with SIBUR and hope that our cutting-edge products and solutions will contribute to our Russian partner’s further success in building up the range of its branded products,” Sergey Andreev said.
To maintain their positions in the market, SIBUR and BASF look to develop new, advanced materials; in particular, they plan to collaborate in projects with a view to improving properties of elastomers and thermoplastic elastomers. Additionally, there is a project in progress for SIBUR’s production of a new polypropylene product for nonwoven fabrics. Potential use of customer specific blends by BASF, which boost production efficiency and consistency of product quality, is under discussion.
SIBUR (www.sibur.com) is a uniquely positioned vertically integrated gas processing and petrochemicals company. We own and operate Russia’s largest gas processing business in terms of associated petroleum gas processing volumes and are a leader in the Russian petrochemicals industry.
As of 30 June 2013, SIBUR operated 27[i] production sites across Russia and employed more than 28,000 personnel. We serve over 1,500 large customers operating in the energy, automotive, construction, fast moving consumer goods (FMCG), chemical and other industries in approximately 60 countries.
About BASF Plastic Additives
The Plastic Additives business of BASF is a leading manufacturer, supplier and innovation partner of additives and pigments for the plastics industry such as ultraviolet (UV) light stabilizers, antioxidants and process stabilizers, organic and inorganic pigments, effect pigments, and other additives.
BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. We combine economic success with environmental protection and social responsibility. Through science and innovation, we enable our customers in nearly every industry to meet the current and future needs of society. Our products and solutions contribute to conserving resources, ensuring nutrition and improving quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF had sales of €72.1 billion in 2012 and more than 110,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information on BASF is available on the Internet at www.basf.com.
In 2014, a joint production facility of SIBUR and SolVin (a JV between Solvay and BASF) is scheduled to come online. RusVinyl, located in Kstovo in the Nizhny Novgorod Region, is slated to become Russia’s biggest integrated producer of polyvinyl chloride (PVC). The Russian Ministry of Industry and Trade has included the RusVinyl Project into its Strategy for the Development of Russian Chemical and Petrochemical Industries until 2015.
International Media Relations