SIBUR has begun construction of an industrial production of n-butyllithium, a key catalyst for the production of thermoplastic elastomers and synthetic rubbers, which will ensure the technological independence of the production of these products. This is stated in the company's message.
The project will be implemented at the Voronezhsintezkauchuk site using SIBUR technology. The plant's capacity will be 350 tons per year, and the project completion date is 2026. The volume of investments in the creation of a new production facility will amount to several billion rubles.
Until 2022, n-butyllithium was imported mainly from Europe. Launching its own production will help to offset the risks associated with the complexity of the logistics chain, the lack of licensors and the availability of this special component in general.
SIBUR is an oil and gas chemical company in Russia. Over the past 15 years, SIBUR has invested more than 1.5 trillion rubles in the development of the domestic petrochemical industry, the creation of new and modernization of existing production facilities.
The net profit of PJSC SIBUR Holding according to RAS for 2023 fell by 51%, to 90.7 billion rubles, from 185.8 billion rubles a year earlier. Profit before tax fell by 47.8%, to RUB 120.09 billion, from RUB 230.36 billion. Revenue increased by 10.4%, to 1.03 trillion rubles, from 934.5 billion rubles. Gross profit amounted to 333.38 billion rubles against 312 billion rubles.
