Within the framework of the meeting between the Prime Minister of the RF D. Medvedev and the Premier of the State Council of the Republic of China Li Keqiang
Within the framework of the working meeting between the Prime Minister of the Russian Federation Dmitry Medvedev and the Premier of the State Council of the People’s Republic of China Li Keqiang, SIBUR Holding (SIBUR) and China Petroleum & Chemical Corporation (Sinopec) signed an agreement on the basic conditions for cooperation in the production of SEBC (styrene, ethylene, butylene copolymers). SEBC is one of the most durable polymers used in the processes of modification of plastics and bitumen, in the manufacture of adhesives and compounds for modification. According to the signed document, SIBUR and Sinopec will equally create a joint venture in Russia to produce SEBS with a capacity of 20 thousand tons per year.
Reference: China Petroleum & Chemical Corporation is a Chinese integrated energy and chemical company. The second largest oil and gas company in the country. SIBUR Holding is the largest petrochemical company in Russia. The peculiarity of the company’s activity is that petrochemical enterprises are provided with raw materials of their own production, obtained on the basis of hydrocarbon production by-products purchased from oil and gas companies.