... of SIBUR and TAIF assets consolidation. Towards the market The consolidation took place on the background of a favorable market situation: the global base polymers market was growing faster than GDP growth. According to Alexey Sboev, the Head of Petrochemical Business Marketing: “The market dynamics were between 3% and 10% growth, and in Russia this growth was even higher. At the same time, there were certain structural restrictions impeding the full satisfaction of the growing demand and securing ...

... an unprecedented discount (up to USD 35/Bbl), and the estimated decline in oil production in Russia is projected at 1 - 3 million barrels per day over the next quarter. Brent surged to USD 138/Bbl after the US said it was considering a ban on Russian petroleum imports, while most analysts project the average price for 2022 to range between USD 100-120/Bbl. The potential for added oil supplies from Iran and supposedly Venezuela remains uncertain. Production in these two countries is expected ...

... mbpd, and growing. For context, in Q1 2020 – pre-COVID – US oil production stood at 12.6 mbpd, and with US drilling activity starting to reach these levels, production in the region is only set to follow suit. IPEX: Prices have plateaued Regional petrochemical prices have plateaued after several back-to-back quarters of strong growth. But there is still a large gap between Asian and Western prices. Prices in the European and North American markets in 2021 skyrocketed by about 60%, while in Asia ...

... separately while cleaning the room. In 9M 2021, about 6 tonnes of plastic were collected. At AZIMUT hotels, shaving kits, shoe horns, and combs are made using recycled materials, while mini bottles of shampoo, shower gel, and lotion made of recyclable virgin PET have been introduced. It should also be noted that this summer, the Da Vinci Dome art installation was unveiled at AZIMUT Hotel Smolenskaya in Moscow. The artwork is made of recycled waste and, on the one hand, is symbolic of a clean planet Earth,...

... at the future of SIBUR’s new compound, we can say that by choosing recycled polymer packaging we reduce the amount of virgin plastic being produced globally and cut our carbon footprint,” he explained. Alexey Sboev, SIBUR’s Head of Marketing, Petrochemicals: “Packaging manufacturers often ask: ‘Will this kind of packaging end up being more expensive?’ Well, yes, it is more expensive. Packaging pricing is done by our partners, so I can only cite them and the results of relevant research....

... the negotiations between the USA and Iran on its nuclear programme; the talks are raising doubts that US sanctions curbing Iranian oil exports will be lifted any time soon. IPEX: Opposite trends The regional profiles of supply and demand for petrochemical products have led to opposite trends for the IPEX price index. In the USA, prices continued to rise; in Asia they remained stable; but in Europe, they were falling. The global price index has grown by 14 p.p. year-to-date, with the USA posting ...

... a result, issues arose throughout the development process that took time to resolve and called for new knowledge from the team of scientists at SIBUR PolyLab. The process of recycling polymers into fibre filaments is split into several stages. Used PET plastic (e.g. bottles) must be sorted, washed, sterilised and dried. It is then shredded into flakes, formed into pellets and dried again. Afterwards, the pellets are melted and passed through a very fine filter. On the surface, it all seems quite ...

... trillion—to support the population, and the rest—to support businesses. On July 4, Joe Biden intends to approve the plan to rebuild US infrastructure and transform the post-pandemic economy with the total budget of $2.25 trillion. The petrochemical industry may become one of the plan’s beneficiaries as $174 million is intended to be invested into the EVs market. As far as China’s economy is concerned, industrial output in Q1 2021 grew by 24% as compared to the same period last ...

... pilot experience riding together with professional members of the team in their training area. The session held in the city of Naberezhnye Chelny was hosted by SIBUR’s customers from 40 companies representing different sectors of the economy: petrochemistry, packaging, construction, tires, rubbers, etc. “A bright memorable event contributing to informal contacts between the partners, which are especially valuable in the current context. When I was a boy, I enthusiastically followed the Dakar ...

... materials. As part of the new technology, the plant has installed machines from the Swiss company Bühler and Germany’s EREMA. Once the plant reaches its full design capacity, it will produce 130 ktpa of granulate, using about 35 ktpa of recycled PET bottles in the production cycle. By using FTR technology to closely track the hot melt formulation, a homogeneous granule is achieved. It contains the feedstock supplied by Senezh plant and the recycled PET flakes from Plarus, and meets high regulatory ...

... and М2 – will be packaged using the Vivilen solution. In Russia, this project is the first example of using recycled landfill plastic to produce packages. In the future, the plan is to expand the product range by bringing in other products, like PET. Commitment to the circular economy principles and polymer recycling development is one of the key focuses of the SIBUR Sustainable Development Strategy. Recycled polymers have high potential for processing and may be reused 10 and more times. The ...

... qualities are most valued by customers? – Ten years ago, protection was the only function of packaging. There were standard packaging solutions, and customers had no other requirements. With the development of the food industry, its upgrade, increased competition within the sector, changes in pace and lifestyle, packaging has become a tool for product positioning and even a tool of communication with the consumer. Everyone is aiming to have their own packaging with characteristics that suit precisely ...

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 ...

The participants of the ninth annual CIS Petrochemicals conference discussed industry recovery post-pandemic. The main topics of discussion at the event were the road to recovery for the petrochemical industry post-pandemic and government economic support measures. Special attention was paid ...

... Household chemical filling stations at the supermarket chain Perekrestok. Photo: Vitaliy Belousov/RIA Novosti Polymer producers are also refining their own production. Braskem America has launched a new grade of polymer: a material that resembles PET in its visual properties, but better insulates heat - this allows it to be used for packaging prepared food in grocery stores and fast-food restaurants. An example of functionality that does not add to the price of the product is Lumirror STM Soft-Touch: ...