Hydrocarbon Processing Copying and distributing are prohibited without permission of the publisher
Email a friend
  • Please enter a maximum of 5 recipients. Use ; to separate more than one email address.



Sinopec to buy stake in Sibur Russia rubber plant

10.31.2012  | 

Sinopec signed an agreement to acquire 25% plus one additional share in the rubber plant, the company said in a statement, without specifying the value of the deal. The two firms are in talks to set up a joint venture to produce nitrile as well as polyisoprene rubber in Shanghai.

Keywords:

By YVONNE LEE

HONG KONG -- China Petroleum & Chemical Corp., or Sinopec, said Wednesday it has agreed to acquire a stake in Russia's Sibur rubber plant in the Russian city of Krasnoyarsk.

Sinopec signed an agreement to acquire 25% plus one additional share in the rubber plant, it said in a statement, without specifying the value of the deal.

The two firms are in talks to set up a joint venture to produce nitrile as well as polyisoprene rubber in Shanghai, it said.

Earlier this year, Sinopec and Sibur signed an agreement to create a joint venture that will produce nitrile rubber in Krasnoyarsk.


Dow Jones Newswires



Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.

Related articles

FEATURED EVENT


Sign-up for the Free Daily HP Enewsletter!

Boxscore Database

A searchable database of project activity in the global hydrocarbon processing industry

Poll

Will previously-planned downstream investments be cut back in 2015 due to lower global oil prices?


58%

11%

32%




View previous results

Popular Searches

Please read our Term and Conditions and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2014 Hydrocarbon Processing. © 2014 Gulf Publishing Company.