08/13/2013

www.gupta-verlag.de/rubber

Sibur and Sinopec finalise synthetic rubber JV in Krasnoyarsk

To complete the transaction, Sinopec purchased 25 % plus one share of KZSK, allowing it the opportunity to nominate one of its own representatives as a director on the JV's board. The deal was approved by Russian and Chinese regulators. The KZSK site currently has 42,500 t/y of NBR capacity, which Sibur and Sinopec are considering expanding to 56,000 t/y. "China is a major consumer of KZSK produced nitrile butadiene rubbers and with a strong partner like Sinopec on board, we can ramp up KZSK's capacity and drive growth in synthetic rubber sales,” noted Vladimir Razumov, executive director of Sibur. Separately, the two companies are discussing establishing a JV to produce 50,000 t/y of NBR and 50,000 t/y isoprene rubber in Shanghai, China.

www.gupta-verlag.de/rubber