Sibur to revise strategy on Amur Gas Chemical Complex
Sibur, Russia's largest petrochemical producer, plans to revise its strategy for developing the Amur Gas Chemical Complex (AGCC) with Sinopec. The company reported that a decision on the matter would be made soon.
Sources told Reuters in March that the state-run Sinopec Group had suspended talks on a major petrochemical investment and a gas marketing venture in Russia.
AGCC is set to be one of the world's largest polymer production facilities. Upon completion, the project will have a capacity of 2.3 MMtpy of polyethylene and 400 ktpy of polypropylene.
The facility is to be located near Svobodny town in the Amur Region, close to the Russian-Chinese border. Due to the location, the products were to be aimed toward Asian markets, mainly China, which is the global leader in the consumption of polymers.
The project is being orchestrated by Maire Tecnimont, which is providing highly specialized tools and large quantities of materials. The production facility has used 37,000 tons of steel structures, 148,000 m3 of concrete and 7,000 km of electrical and instrumentation cables.
The original completion of construction and commissioning of the project is scheduled for 2024.
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