News

SIBUR has become Russia’s first petrochemical company to sign a loan with an interest rate which is tied to its sustainability performance.

PJSC SIBUR Holding, the largest integrated petrochemicals company in Russia and one of the fastest-growing companies in the petrochemical industry globally, today announces its operating and financial results for the three months ended 31 March 2021 in accordance with International Financial Reporting Standards (IFRS).

SIBUR, Russia’s largest integrated petrochemicals company and a leader in sustainable development, has approved its Policy on Circular Economy and Climate Impact Mitigation at the meeting of its Board of Directors. The Policy sets out the main principles, strategic goals and objectives of SIBUR in these areas and outlines the key activities at each stage of product life cycle to achieve the above objectives.

Today, SIBUR and TAIF have initiated a number of steps to combine their petrochemical businesses. Existing TAIF shareholders will receive a 15% stake in PJSC SIBUR Holding in exchange for the transfer of a controlling interest in TAIF’s group of petrochemical and energy companies. The remaining stake in JSC TAIF can be subsequently purchased by the combined company.