CHINA-based Sinopec is acquiring a 25% stake in Russian petrochemicals company Sibur’s nitrile rubber plant
in the Siberian city of Krasnoyarsk, for US$100 million.
The plant has a capacity of 42,500 tonnes, but the two companies plan to increase it to 56,000 tonnes.
About 70% of the plant’s output is exported to China and this is expected to increase too.