Sibur
Integrated petrochemicals from hydrocarbon processing to polymers.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| N/A | €0.0 | round | |
* | N/A | Growth Equity VC | |
| Total Funding | 000k | ||
Sibur is a major Russian petrochemical company founded in 1995 and headquartered in Moscow. The company's business model is vertically integrated, starting with the purchase and processing of associated petroleum gas (APG) and natural gas liquids (NGL) from oil and gas producers. These raw materials are processed through its extensive midstream infrastructure, primarily in Western Siberia, into feedstock like liquefied petroleum gases (LPG) and naphtha. This feedstock supplies its own petrochemical plants, which manufacture a wide range of products.
The company's core product segments include Olefins & Polyolefins (like polyethylene and polypropylene) and Plastics, Elastomers & Intermediates (including synthetic rubbers, PET, and expandable polystyrene). These products are vital to numerous industries worldwide, such as construction, automotive, consumer goods, healthcare, agriculture, and food packaging. Sibur serves over 1,400 large customers in approximately 80 countries, with key markets in Russia, Europe, and China.
Historically, Sibur was established to consolidate petrochemical assets after the collapse of the Soviet Union, initially managed by Gazprom. A significant turning point occurred between 2010 and 2011 when entrepreneur Leonid Mikhelson acquired a controlling stake, leading to a large-scale investment program and substantial growth. In 2021, Sibur merged with TAIF Group, creating one of the largest petrochemical companies globally. As of April 2024, the company transitioned its management model from product-based divisions to a sector-based approach to better meet the specific needs of industries like agribusiness, construction, healthcare, and transport.
Keywords: petrochemicals, polymer production, synthetic rubber, gas processing, olefins, polyolefins, plastics, elastomers, hydrocarbon processing, NGL fractionation, associated petroleum gas, polyethylene, polypropylene, BOPP films, midstream infrastructure, Russian market, industrial chemicals, maleic anhydride, thermoplastic elastomers, circular economy