Production started at one of the world's biggest polypropylene factories near Tobolsk in the Tyumen region. With this, Russia could turn from a PP importer to exporter. Tobolsk-Polymer, a subsidiary of Russian petrochemical company Sibur, will annually produce 500,000 tons of polypropylene. The plant was built in three years at an investment outlay of US$2 bln. In 2010, the company received a US$1.4 billion loan granted by a number of international credit agencies and syndicated by state-owned Vneshekonombank. The remaining part was financed by Sibur's own funds. The new production site will increase Russia's existing polypropylene output by 40% and make it possible to export the plastic to other countries. The new production site is situated close to a Sibur gas processing factory, Tobolsk-Neftekhim, which will supply over 600,000 tons of propane per year.
16-Oct-13 
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