ZapsibneftekhimZapSibNeftekhim involves construction of a facility (including respective off-sites) near Tobolsk to carry out deep hydrocarbon processing into polyolefins.
A consortium of investors, comprising RDIF and leading Middle Eastern sovereign wealth funds have invested in SIBUR’s ZapSibNeftekhim project – an integrated petrochemical complex in Tobolsk, Tyumen Region (Russia). The funds will be used to develop industrial infrastructure for a forthcoming facility, which will process raw hydrocarbon materials into polyolefins. The project is aimed at deep conversion development of large volumes of Western Siberia’s oil and gas by-products, including associated gas, and the import substitution of highly demanded polymers in the Russian market. The development of this facility is currently SIBUR’s largest investment project.
- Financing comes from leading Middle Eastern sovereign wealth funds and Russia’s National Welfare Fund (NWF) as part of RDIF’s quota (10%) from NWF, which is allocated for the implementation of infrastructure projects.
- The project is aimed at the development of deep processing of hydrocarbon by-products, as well as import substitution of in-demand polymers in the Russian market.
- The project will give an impetus for further development of related industries in the Russian economy.
- Year of investment: 2015.