Solvay,Sibur sign join venture deal to build Russia's first world-scale vinyls production plant

摘要

Solvay and SolVin,the joint subsidiary of Solvay and BASF for vinyls in Europe,have signed a joint venture agreement with Sibur LLC,an affiliate of Gazprom to build Russia's first world-scale,fully integrated vinyls plant in Kstovo.The new joint venture company,RusVinyl,in which SolVin and Sibur will hold 50% each,is also in talks with the European Bank for Reconstruction and Development,for possible involvement in the project.