Joint Ventures Surfactants and Chemicals for Russian Oil and Gas Industry
Solvay and Sibur join forces to produce surfactants and oilfield process chemicals in Dzerzhinsk, Russia. A first facility of the new 50/50 JV is scheduled to take up production in 2015.
London/United Kingdom – Solvay and Russian petrochemical company Sibur will jointly operate a new JV company named Ruspav. A corresponding agreement was signed at this week's 26th Gastech Conference in London today by Dmitry Konov, CEO of Sibur, and Emmanuel Butstraen, Head of Solvay's Global Business Unit Novecare.
"Solvay's strong experience in the surfactants business combined with Sibur's unique raw materials base and market knowledge will enable us to strengthen our leading positions in the CIS market," said Dmitry Konov, SIBUR's CEO. Currently, the demand for surfactants in the CIS is growing at more than six percent annually. The surfactants are used mainly in home & personal care products, oil & gas as well as in other industries.
Perspective in Russia's Oil and Petrochemical Industry
Also Solvay hopes to take a slice of Russia's booming oil industry: "Thanks to this venture with our longtime and well-established Russian partner SIBUR, we can bring our experience and technology to this dynamic region and help our customers tackle the challenge of developing performance products for the Oil & Gas and Home & Personal Care markets," explained Emmanuel Butstraen, Head of Solvay's Novecare division.
More about the recent petrochemicals boom with several major project in Russia in our article Goldrush in Petrochemicals? How Plant Constructors Profit from Integrated Petrochemical Projects or in our online database GROAB.