2012-10-09 13:07:18 -
London, 9 October 2012, at noon
Solvay and SIBUR form a joint venture to produce surfactants and oilfield
process chemicals
New production plant to meet region's growing demand for surfactants
in the home & personal care and oil & gas markets
Solvay and Russian petrochemical company SIBUR have signed an agreement to
establish Ruspav, a 50/50 joint venture for the production of surfactants and
oilfield process chemicals in Dzerzhinsk, Russia. The agreement was signed in
presence of the Minister of Energy of the Russian Federation, Alexander Novak,
during the 26(th) Gastech Conference in London today by Dmitry Konov, CEO of
SIBUR, and Emmanuel Butstraen, Head of Solvay's Global Business Unit Novecare.
Ruspav will be located near SIBUR's petrochemicals operations, 400km east of
Moscow, and is expected to be operational in 2015. 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.
SIBUR will contribute its raw materials, production and logistics capabilities
to the joint venture. It will also, given its longstanding experience of the
Russian petrochemicals market, support the development of the surfactants
business in oil and gas markets in Russia and the CIS. Solvay's Novecare, a
worldwide leader in surfactants, will provide its expertise in surfactant
technologies, its knowledge of formulations and market applications and its
customer network, particularly in the home & personal care and oil & gas
markets, including global key accounts with a strong presence in the region.
"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. "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.
"This joint venture supports SIBUR's ambition to expand commercialization of its
core products into carefully selected fast growing markets. We look forward to
deliver value added products to our future customers," commented Valery Andosov,
Director of SIBUR's Plastics and Organic Synthesis Division. "Novecare is now
able to support its key customers in all fast growing countries," concluded
Emmanuel Butstraen.
SIBUR is the largest integrated petrochemical company in Russia, in the CIS,
Central and Eastern Europe by revenues. The company purchases associated
petroleum gas and liquid hydrocarbon feedstock from major Russian oil and gas
companies and processes them into energy products, including liquefied petroleum
gases, natural gas, and naphtha, and further into various petrochemical
products, including basic polymers, synthetic rubbers, plastics, products of
organic synthesis, intermediates, and other chemicals. SIBUR sells to more than
2,000 customers in the energy, automotive, construction, retail, and other
industries in more than 60 countries. As at 31 December 2011, SIBUR owned and
operated 22 production sites across Russia and employed 30,453 people. Since
September 2011, Leonid Mikhelson, CEO and founder of NOVATEK, has been the
ultimate controlling shareholder of the Group. 100% of the share capital of OAO
SIBUR Holding is owned by Sibur Limited.
Novecare, one of the major Global Business Units of Solvay, provides high-
performance products and solutions to a wide range of industries including
cosmetics, detergents, agrochemicals, oil & gas, coatings and industrial
applications. Thanks to its worldwide industrial presence and a global R&D and
tech-support network, Novecare holds front-ranking positions in surfactants,
amines, phosphorus derivatives, natural & synthetic polymers and monomers
technologies, and eco-friendly solvents-based formulations. Thanks to its
expertise in protection, surface modification, rheology, and active delivery,
Novecare provides its customers with solutions enabling them to improve their
formulations and processes and to protect human health and the environment.
SOLVAY is an international chemical Group committed to sustainable development
with a clear focus on innovation and operational excellence. It is realizing
over 90% of its sales in markets where it is among the top 3 global leaders.
Solvay offers a broad range of products that contribute to improving the quality
of life and the performance of its customers in markets such as consumer goods,
construction, automotive, energy, water and environment, and electronics. The
Group is headquartered in Brussels, employs about 31,000 people in 55 countries
and generated EUR 12.7 billion in net sales in 2011 (pro forma). Solvay SA
(SOLB.BE) is listed on NYSE Euronext in Brussels and Paris (Bloomberg: SOLB.BB -
Reuters: SOLBt.BR).
For further details, please contact:
SIBUR
Anna Lebed ANNA KAREVA
International Media Relations Investor Relations
+7 495 937 17 26 +7 495 777 55 00 (*3877)
SOLVAY
Lamia Narcisse Erik De Leye Maria Alcon-Hidalgo Patrick Verelst
Media Relations Media Relations Investor Relations Investor Relations
+33 1 53 56 59 62 +32 2 264 1530 +32 2 264 1984 +32 2 264 1540
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Source: Solvay S.A. via Thomson Reuters ONE
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