Solvay, Sibur Form JV to Produce Surfactants and Oilfield Process Chemicals
Solvay and Russian petrochemical company Sibur have signed an agreement to establish Ruspav, a 50/50 joint venture for the production of surfactants and oilfield process chemicals in Dzerzhinsk, Russia.
The agreement was signed in presence of the Minister of Energy of the Russian Federation, Alexander Novak, during the 26th Gastech Conference in London today by Dmitry Konov, CEO of Sibur, and Emmanuel Butstraen, Head of Solvay's Global Business Unit Novecare.
Ruspav will be located near Sibur's petrochemicals operations, 400km east of Moscow, and is expected to be operational in 2015. Demand for surfactants in the CIS is growing at more than six percent annually. The surfactants are used mainly in home & personal care products, oil & gas as well as in other industries.