On November 13, 2013, at the 13th International Rubber Technology Exhibition, Russia gas processing and petroleum company Sibur discloses that the company is under negotiation with Sinopec regarding a jointly invested project which is to set up two plants producing chemigum and polyisoprene rubber respectively in Shanghai.
Director of Sibur Elastomer Department says the annual production of the two plants are 5t in respective. The joint venture will use patents and technique of Sibur.
“China is a key market of Sibur, especially in synthetic rubber. In 2012, the export of synthetic rubber to China takes up 19% of Sibur’s total export of rubber,” says the director. Main products sold in China include synthetic rubber, plastic & organic synthesis products, and base polymer with respective export volume of 49,500 tons, 43,500 tons and 37,000 tons.
As a matter of fact, the cooperation between Sibur and Sinopec has been conducted by establishing a joint venture which is in charge of a synthetic rubber plant in Krasnoyarsk, Russia. Sinopec hold around 25% share in the join venture. The plant is said to expand annual production from 42,500 tons to 56,000 tons.
