Linde receives engineering contract for ethylene plant from SIBUR in Russia
(Thomson Reuters ONE) -
Linde AG /
Linde receives engineering contract for ethylene plant from SIBUR in Russia
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Munich, 21 June 2012 - Technology company The Linde Group has received an
engineering contract for the licensing and front end engineering design (FEED)
of one of the world's largest ethylene plants in Tobolsk, Western Siberia. The
contract was awarded by Russia's largest petrochemical company, Sibur LLC. The
two companies signed an agreement today in St. Petersburg.
"We are delighted to be working on this project and continuing our successful
collaboration with Russia's most important petrochemical company," said
Professor Dr Aldo Belloni, Member of the Executive Board of Linde AG. "We also
hope that this agreement will lead to further key contracts for our engineering
business in this Eastern European growth market."
The ethylene plant is to be built at the petrochemical complex "ZapSibNeftekhim"
in Tobolsk, which is being planned by the company ZapsibNeftekhim, a subsidiary
of Sibur. Once finished, the new plant will produce around 1.5 million tons per
annum (tpa) of ethylene, 500,000 tpa of propene and 100,000 tpa of butadiene
from the feedstocks ethane, propane and n-butane. The products produced by the
plant are important building blocks for the plastics manufacturing industry.
The FEED services provided by Linde are the first step in the project to realise
the new plant. The Group's work will provide a foundation for the detailed
engineering and construction phase. Linde's services also include a cost
estimate, which will be used by Sibur to inform the final investment decision.
Linde is currently constructing a polypropylene plant for Sibur at its Tobolsk
site. The unit has an annual capacity of 500,000 tons and is set to go on stream
next year. This project is currently one of the key investments in Russia's
petrochemical industry.
Sibur is the leading petrochemical company in Russia and Eastern Europe. It
covers the entire process chain from gas treatment through the production of
upstream products for the plastics industry (monomers), plastics and synthetic
rubber to the finishing of plastics.
The Linde Group is a world-leading gases and engineering company with around
50,500 employees in more than 100 countries worldwide. In the 2011 financial
year, it achieved sales of EUR 13.787 bn. The strategy of The Linde Group is
geared towards long-term profitable growth and focuses on the expansion of its
international business with forward-looking products and services. Linde acts
responsibly towards its shareholders, business partners, employees, society and
the environment - in every one of its business areas, regions and locations
across the globe. The Group is committed to technologies and products that unite
the goals of customer value and sustainable development.
For more information, see The Linde Group online at http://www.linde.com
Further information:
Media Investor Relations
Uwe Wolfinger Dr Dominik Heger
Phone: +49.89.35757-1320 Phone: +49.89.35757-1334
Dr Thomas Hagn Lisa Tilmann
Phone: +49.89.35757-1323 Phone: 49.89.35757-1328
Press Release as PDF:
http://hugin.info/125064/R/1621262/518087.pdf
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originality of the information contained therein.
Source: Linde AG via Thomson Reuters ONE
[HUG#1621262]
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Datum: 21.06.2012 - 07:05 Uhr
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