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  1. “We believe in the market’s future growth”

    ... to the purchase of technologies that minimise emissions of harmful substances. In particular, we are taking part in the pilot Clean Air programme in Chelyabinsk. Of the five targets in the project, four have already been achieved. We have reduced our CO2 and phenol emissions, and the developments that we tested in Chelyabinsk will be rolled out across the company’s footprint. – Waste disposal is a pressing issue nowadays. You planned to build a plant in Khabarovsk to recycle waste polymers. How ...

  2. An interest in sustainability

    SIBUR is the first company in the industry to get a sustainability-linked loan. SIBUR has become Russia’s first petrochemical company to sign a loan with an interest rate pegged to its sustainability performance. The USD 50 million loan was issued by UniCredit. Under the sustainability-linked lending model, SIBUR will pay a higher or lower interest rate depending on its progress towards meeting a number of targets within the Company’s previously approved Sustainable Development Strategy:...

  3. Sailing the Green

    ... carbon footprints of heavy manufacturing will benefit our companies in their sales negotiations with European consumers,” adds Kirill Tuishev. Carbon Recycling International (Iceland) developed a method to simplify the transformation of CO2 into methanol. Photo: carbonrecycling.is Decarbonization: perspective solutions Companies can collect carbon dioxide emissions as a by-product of production processes to use it as a standalone product or as a commodity for further processing. This ...

  4. Setting course for a green future

    Alexey Kozlov, Member of the Management Board and Managing Director at SIBUR, spoke at the National Sustainable Development Forum. The National Sustainable Development Forum is an annual conference held by the business daily Vedomosti. The event welcomed representatives from responsible Russian business, as well as experts from Russia and abroad. Participants discussed topical questions surrounding the transformation of corporate strategic approaches and practical actions to achieve sustainability...

  5. CIS Petrochemicals

    ... petrochemical industry’s agenda is dominated by the expectation of a widespread rollout of a carbon tax. Maxim Remchukov, Sustainable Development Director at SIBUR, went into more detail about carbon border adjustment. As the second-largest exporter of CO2 to Europe after China, Russia will be one of the first to bear the brunt of the EU’s new environmental agenda. Carbon regulation will drive a much heavier tax burden and force Russian producers to pivot to non-European markets. In turn, this will ...

  6. WEF: looking ahead

    ... environmental agendas. For example, LG Chem’s aggregate carbon dioxide emissions stood at 10.5 million tonnes in 2019. However, if the company had maintained its past production rate without adhering to its own environmental programme, the corporation’s CO2 emissions would have exceeded 40 million tonnes. In terms of the global climate movement, LG Chem has set the target of achieving carbon neutrality by the middle of the 21st century – in this case, emissions cannot exceed the 2019 level. This will ...