SIBUR, Sinopec sign framework cooperation agreement to produce SEBS

SIBUR, Sinopec sign framework cooperation agreement to produce SEBS
Published: 19 September 2019 - 10 a.m.
By: Martin Menachery
During a working meeting between the Russian Prime Minister Dmitry Medvedev and the Premier of the State Council of the People's Republic of China Li Keqiang, SIBUR and Sinopec signed a framework cooperation agreement to produce SEBS (styrene, ethylene and butylene-based block copolymers).

SEBS is a pelletized modifier for thermoplastics used to impart elasticity to plastic materials, or as a primary polymer to produce elastic components. SEBS boasts excellent durability and is leveraged across a variety of industries such as plastics and bitumen modification, adhesives, modification compounds, and toys.

Under the agreement, SIBUR and Sinopec will establish a 50/50 joint venture (JV) in Russia to produce at least 20ktpa of SEBS.

Pavel Lyakhovich, member of the management board, and managing director at SIBUR, said: “By various estimates, global consumption of SEBS ranges from 200ktpa to 270ktpa adding 5%-7% each year. This product has a very strong potential thanks to its unique properties and increasingly diverse applications. Russia, however, has to import SEBS because of no local production. These factors, taken together, open up great prospects for the SIBUR-Sinopec project.”

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