Media: RDIF and the Arab investors will invest $210 million into the project “SIBUR”

Media: RDIF and the Arab investors will invest $210 million into the project “SIBUR”


Zapsibneftekhim, the largest project of the Russian petrochemical giant SIBUR, provides for the construction of pyrolysis plants with a capacity of 1.5 million tons of ethylene and 500 thousand tons of polypropylene per year, facilities for the production of 1.5 million tons of polyethylene per year.

MOSCOW, 9 Dec. The Russian direct investment Fund (RDIF), along with some Arab funds plan to invest 210 million dollars in Zapsibneftekhim, the largest project of the Russian petrochemical giant SIBUR, said on the night of Wednesday the newspaper “Vedomosti” with reference to close to the deal sources.

According to a source publication, “the Fund and the investors provide funding through a special project company, which will not be included in the capital project.” “It is the financial investors, no contracts for the supply of products with them will not be”, — said the interlocutor of the newspaper.

According to the project, Zapsibneftekhim, by 2020 in Tobolsk will be built of the unit capacity of 1.5 million tons of ethylene and 500 thousand tons of polypropylene per year, the plant producing 1.5 million tons of polyethylene per year. This will be the biggest project of SIBUR.

From 9.5 billion dollars of investment SIBUR is ready to invest its own funds 4.45 billion, the money was provided by the national welfare Fund.

According to the representative of the FUND, the Arab Fund and the investors entered the project at the expense of continued investment and Bank financing, which will reach $ 3.3 billion. According to the representative of SIBUR, the company provided more than half of the necessary funding.