Gazprom Neft and SIBUR to jointly develop the Poliom polypropylene plant in Omsk

Moscow, July 22 - Neftegaz.RU. Gazprom Neft and SIBUR have consolidated 100 % of the charter capital in the Poliom polypropylene plant in Omsk, with the Gazprom Neft-SIBUR joint venture-Sibgazpolymer signing an agreement on the acquisition of a 50% interest in the charter capital of Poliom, owned by the Titan Group.

Following the completion of all corporate and registration procedures, Sibgazpolymer has become the sole participant in Poliom, which will be managed jointly by Gazprom Neft and SIBUR.

Launched in 2012, Poliom is one of Russia’s largest polypropylene producers. In 2014, Poliom became the basis for a joint venture between Gazprom Neft (25 %), SIBUR (25 %) and the Titan Group (50 %).

The plant has capacity to produce 218,000 tonnes of high-technology product every year, with a range covering 100 brands of polypropylene.

The key feedstock for production - propane-propylene fraction - is sourced from the Gazprom Neft Omsk Refinery, with SIBUR managing the distribution of end-products throughout Russia and the CIS.

The facility is certified as complying with international standards, and deploys best-practice R&D solutions and technologies to ensure waste-free production.