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SIBUR closes sale of Togliatti-based petrochemical facilities to Tatneft

CIS PETROCHEMICALS

SIBUR closes sale of Togliatti-based petrochemical facilities to Tatneft

SIBUR and Tatneft have closed the sale and purchase of certain production and other assets that to date have been registered in the name of Sibur Togliatti and Togliattisintez legal entities - company reports on its website.

After the deal, Tatneft intends to further develop the acquired assets in line with its gas and petrochemical strategy, while SIBUR will concentrate efforts on establishing and developing global-scale production of basic polymers, high-potential medium-tonnage products, and premium special chemicals. 

Our main focus is on the long-term development of our core business and operational excellence

Pavel Lyakhovich, Member of the Management Board and Managing Director, SIBUR

The assets include production facilities for various types of synthetic rubber used by Russia's and the world's leading tire manufacturers, for MTBE (high-octane fuel component), butadiene, isoprene, and other intermediates, as well as the infrastructure of the industrial park accommodating a number of chemical and other technology companies.

For Tatneft, the acquisition is an opportunity to strengthen the vertical integration of its KAMA TYRES business and increase its value. After the acquisition, Tatneft intends to further develop the assets in line with its gas and petrochemical strategy. SIBUR – with its focus on establishing and developing global-scale production of basic polymers, high-potential medium-tonnage products, and premium special chemicals – will continue to cooperate with the Togliatti-based companies as partners.

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