SAINT PETERSBURG -- Gazprom Neft has
acquired 100% of the authorized capital of Syntaz Oil, which
owns Ryazan Petrochemical Experimental Plant
Purchase of this asset will enable the
company to become a leading producer of polymeric bitumen (PBB)
for road construction in Russia.
The Ryazan plant is the largest producer
of polymer-bitumen binders (PBB) in the country. The capacity
of the plant is 60,000 tpy of PBB.
The production in 2013 reached 25,000
tons. The plant owns modern equipment and infrastructure
necessary for production, storage and loading of high quality
bitumen materials. The plants own laboratory provides
quality control of the products. The plant equipment allows
packing in the high-tech packages and to load the trucks.
The Russian PBB market in 2013 was
estimated at 170,000 tons, which makes a 3.5% increase compared
to 2010. Now the largest consumer of PBB in Russia is the
Central Federal District, implementing a range of major road
"The Integration of the new enterprise
will allow Gazprom Neft to become a leader in the Russian
polymer bitumen market and to provide our customers with high
tech materials for building modern and high quality roads,"
said Anatoly Cherner, Gazprom Neft's deputy CEO for logistics,
refining, and sales.
"We consider the production and sales of
high grade bitumen materials as one of the important potential
growth area for the company. Experts estimate the market to
exceed the capacity of 500 thousand tons by 2025. This is a 3
times increase compared to current production."