Development Award

ZapSibNeftekhim, SIBUR's flagship project currently under construction, has received an award for significant contribution to the social and economic development of Russia.

The petrochemical facility for deep conversion of hydrocarbons into polymers won the Best Industrial Project prize of the national Development Award for investment projects.

Further information regarding the contest and its winners is available here.

Since 2012, the award has been promoting investment and improving the investment climate in Russia. The award is given in five categories, with more than 100 companies nominated in the span of over seven years.

This year, the award attracted 40 submissions. For the first time ever, entries were assessed by the teams representing all major state development institutions, which is yet another confirmation of the strong interest on the government side in such projects. The award ceremony took place in Sochi during the Russian Investment Forum, where Dmitry Konov, Chairman of the Management Board of SIBUR Holding, received the award from Dmitry Medvedev.

Dmitry Medvedev and Dmitry Konov at the Development Award ceremony

Even at the construction stage, ZapSibNeftekhim has a positive multiplier effect on the country's economy driven by the engagement of domestic contractors and suppliers of materials and equipment. Materials for the construction site are supplied from 35 Russian regions, while the total value of Russia-sourced purchases for the project exceeds RUB 287 bn, of which RUB 212 bn has already been paid.

Dmitry Medvedev,
Prime Minister of the Russian Federation:

“This is Russia's first award celebrating outstanding achievements in industrial and infrastructure project investments. Improving the investment climate is important not as an end in itself, but as a powerful job creation tool. The Development Award has been established with the express aim of supporting and encouraging those who invest, build and create.”

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