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EastRussia Newsletter: SIBUR Holding Appraises Investment in Amur Mining and Chemical Combine

EastRussia Newsletter: SIBUR Holding Appraises Investment in Amur Mining and Chemical Combine
Photo: EastRussia

SIBUR Holding estimated the amount of preliminary investments in the construction of the Amur Gas Chemical Complex in the Amur Region at 10,7 billion US dollars. The volume of capital expenditures takes into account the extension of the basic design stage and site preparation for the facility, according to the next published issue of the EastRussia newsletter.

The holding has entered into a shareholder agreement with the Chinese company Sinopec to create a joint venture for the project, and work is underway to obtain permits from regulatory authorities. After the creation of the joint venture, it is expected that SIBUR will retain 60% of the project, and 40% will go to Sinopec.

The commissioning of the MCC is scheduled for 2024, after the launch of the third stage of the Amur Gas Processing Plant of PJSC Gazprom. The planned capacity of the enterprise is 2,3 million tons of polyethylene and 400 thousand tons of polypropylene per year.

Detailed analytics on this and other relevant topics can be found in EastRussia Weekly Newsletter.

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