Petrochemicals

  • Petrochemicals
    Mar 12, 2024
    Navigating Through Turbulence: Russia’s Chemical Market Eyes Moderate Growth Amid Global Challenges

    In 2022, Russia’s chemical market experienced a notable surge, growing by 22.1% to achieve a valuation of $74.6 billion, amidst a complex global landscape marked by geopolitical tensions and economic sanctions. Looking forward, the sector is projected to ascend further, reaching $78.3 billion by 2027, marking a modest increase of 5% from the current figures.

     

    At the core of Russia’s chemical industry, commodity chemicals dominate, comprising 48.3% of the market’s overall valuation. This segment underscores Russia’s pivotal role in the global chemical industry, where it stands as the second-largest ammonia producer, alongside significant contributions to the production of fertilizers, sulfuric acid, plastics, and synthetic salts. Russia’s substantial natural resources play a crucial role in easing competition for raw materials, although the market remains fiercely competitive due to the minimal differentiation among the vast array of products offered.

     

  • Petrochemicals
    Nov 23, 2019
    SIBUR reports FY2018 IFRS results

    On February 21, 2019, SIBUR Holding, an integrated petrochemicals company, published its operational and financial results for the fourth quarter and the full year ended December 31, 2018 in accordance with International Financial Reporting Standards (IFRS).

     

    Operational and financial highlights for FY2018 include substantial progress on ZapSibNeftekhim construction: as of December 31, 2018, the project was 92.5-percent complete, up from 71 percent as of end-December, 2017. The polypropylene unit was 99.6-percent complete; the steam cracker was 96.0-percent complete; and the polyethylene unit was 95.0-percent complete as of the same date.

     

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