EKTOS BOUGHT URALORGSINTEZ FROM SIBUR HOLDING 04/21/2017 Ectosintez, the owner of a petrochemical enterprise in Volzhsky, has closed a deal to buy out 100% of shares in Uralorgsintez (Chaikovsky, Perm Territory) from Sibur Holding. But Sibur Holding will continue to supply raw materials to Uralorgsintez for processing, the company said on Monday. Ectos and Uralorgsintez produce methyl tert-butyl ether (MTBE), which is later used in the production of gasoline to increase the octane number of fuel, and also produce liquefied petroleum gases (LPG). The deal, which is worth 22 billion rubles, will allow Ectosintez to more than double its MTBE production capacity. The capacities of the enterprise in Volzhsky allow to produce 160 thousand tons / year of MTBE, and the capacities of Uralorgsintez - 220 thousand tons / year. In 2016, the production of MTBE at Ectosintez amounted to 149.6 thousand tons, and at Uralorgsintez - 204.9 thousand tons, according to the Ministry of Energy and market participants. Sibur Holding, Russia's largest producer of liquefied petroleum gases (LPG), has decided to sell Uralorgsintez as a non-core asset, said Pavel Lyakhovich, managing director of Sibur Holding. But Sibur Holding will remain a key partner of Uralorgsintez, he stressed. “As part of the deal, the companies signed a number of long-term agreements, including contracts for processing and supply of raw materials with guaranteed load volumes of Uralorgsintez's main units,” Sibur Holding said in a statement. Source: Argus Media is a leading independent pricing agency Ectosintez, the owner of a petrochemical enterprise in Volzhsky, has closed a deal to buy out 100% of shares in Uralorgsintez (Chaikovsky, Perm Territory) from Sibur Holding. But Sibur Holding will continue to supply raw materials to Uralorgsintez for processing, the company said on Monday. Ectos and Uralorgsintez produce methyl tert-butyl ether (MTBE), which is later used in the production of gasoline to increase the octane number of fuel, and also produce liquefied petroleum gases (LPG). The deal, which is worth 22 billion rubles, will allow Ectosintez to more than double its MTBE production capacity. The capacities of the enterprise in Volzhsky allow to produce 160 thousand tons / year of MTBE, and the capacities of Uralorgsintez - 220 thousand tons / year. In 2016, the production of MTBE at Ectosintez amounted to 149.6 thousand tons, and at Uralorgsintez - 204.9 thousand tons, according to the Ministry of Energy and market participants. Sibur Holding, Russia's largest producer of liquefied petroleum gases (LPG), has decided to sell Uralorgsintez as a non-core asset, said Pavel Lyakhovich, managing director of Sibur Holding. But Sibur Holding will remain a key partner of Uralorgsintez, he stressed. “As part of the deal, the companies signed a number of long-term agreements, including contracts for processing and supply of raw materials with guaranteed load volumes of Uralorgsintez's main units,” Sibur Holding said in a statement. Source: Argus Media is a leading independent pricing agency Legal address 404103, Russia, Volgograd region, Volzhsky, st. Highway No. 7, 23 Mailing address 404103, Russia, Volgograd region, Volzhsky, st. Highway No. 7, 23 Phone: Факс: Электронная почта: Группы компаний «ЭКТОС» (с) 2017. Все права защищены.