Sibur secures funds for world-scale petchem complex

摘要

A consortium comprising the Russian Direct Investment Fund (RDIF) and leading international investors, has agreed to invest in the development of ZapSibNeftekhim, Sibur’s planned integrated petrochemical facility at Tobolsk, Russia. RDIF intends to use part of its funding quota from the Russian National Welfare Fund (NWF) to develop the infrastructure for the project to build a hydrocarbon-to-polyolefins manufacturing complex. The co-investment of NWF funds in the project was approved by RDIF’s supervisory board at the recently held St. Petersburg, Russia, International Economic Forum.