Russia's SIBUR to Participate in Major Polymer Conference in Indonesia

MOSCOW, RUSSIA - Media OutReach Newswire - 19 May 2025 - SIBUR, Russia's largest producer of polymers and synthetic rubber, will take part in the Meet@Commoplast industry conference in Solo, Indonesia, on 22 May 2025.
Representatives of SIBUR will join panel discussions alongside industry peers to address the state of international polymer markets, including the latest trends in demand and supply, rising protectionism, and logistics challenges.
SIBUR has an installed capacity of 5.2 million tonnes of polypropylene and polyethylene, part of which is exported to China and Southeast Asia.
The company is currently building the Amur Gas Chemical Complex in Russia's Far East, which is now 76% complete and scheduled to launch production in 2026. With a design capacity of 2.7 million tonnes of polymers, the new plant's strategic location and low production costs will enable SIBUR to increase shipments — particularly HDPE, LDPE, and LLDPE — to Asia, including Indonesia.
Hashtag: #SIBUR
The issuer is solely responsible for the content of this announcement.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Yahoo

4 hours ago

• Yahoo

Indonesia President denies G7 snub in Russia visit

Indonesian President Prabowo Subianto on Friday denied snubbing the G7 summit to visit Russia, in a speech at an economic forum alongside Vladimir Putin. The former general declined an invitation to the G7 in Canada earlier this week in favour of talks with Putin in Saint Petersburg, a decision that raised concerns about Jakarta moving closer to Moscow. Speaking at Russia's landmark economic forum on Friday, Prabowo played down the decision. "I was asked why I did not attend the G7, but I attended the Saint Petersburg Forum 2025," he said. "It's not because I did not respect the G7, it's because I gave my commitment to attend this forum before they invited me," Prabowo told the event's plenary session, where he sat next to Putin on stage. "That's the only reason. So please don't read too much into the event... We want to be friends with everybody," he added. Prabowo and Putin held talks a day earlier, both hailing ties and calling for increased cooperation. Indonesia maintains a neutral foreign policy, walking the diplomatic tightrope between regional competitors Beijing and Washington. However, Prabowo has sought to diversify Jakarta's alliances instead of relying solely on Western partners, causing anxiety that he could deviate from the traditional non-aligned foreign policy. Closer ties with Moscow have sparked concern in Indonesia's neighbour Australia. bur/jj

Yahoo

8 hours ago

• Yahoo

Russia's Top Oil Executive Says OPEC+ Was Astute to Boost Output

(Bloomberg) -- Steps taken by the OPEC+ group to boost oil supplies have proved astute, given developments in the Middle East conflict, according to Rosneft PJSC Chief Executive Officer Igor Sechin. Security Concerns Hit Some of the World's 'Most Livable Cities' One Architect's Quest to Save Mumbai's Heritage From Disappearing JFK AirTrain Cuts Fares 50% This Summer to Lure Riders Off Roads NYC Congestion Toll Cuts Manhattan Gridlock by 25%, RPA Reports Taser-Maker Axon Triggers a NIMBY Backlash in its Hometown 'The decision by OPEC+ leaders to raise production at accelerated rates appears highly far-sighted today, and from a market perspective, justified, considering consumer interests amid uncertainty about the scale of the conflict between Iran and Israel,' Sechin said at the St. Petersburg International Economic Forum on Saturday. Eight OPEC+ nations have expanded output by more than expected for three consecutive months. They are set to convene on July 6 to consider adding more barrels in August. Saudi Arabia favors further large increases in order to recoup market share as quickly as possible, people familiar with the matter said earlier this month. Sechin, a key ally of President Vladimir Putin, has previously criticized Russia's cooperation with the Organization of the Petroleum Exporting Countries. According to Sechin, Russia was losing market share, while US shale producers were increasing theirs. Rosneft, Russia's biggest oil producer, has based its 2025 business plan on an oil price of $45 per barrel, while the projection for next year is $42 to $43, Sechin said at the forum. The estimates are conservative as the company 'doesn't want to depend on the volatility' that's evident in the oil market currently, he said. It's been a turbulent week in the global oil market, with futures swinging in a range of around $8. Volatility has spiked to the highest since 2022 as Israel and Iran exchanged multiple strikes. Luxury Counterfeiters Keep Outsmarting the Makers of $10,000 Handbags Ken Griffin on Trump, Harvard and Why Novice Investors Won't Beat the Pros Is Mark Cuban the Loudmouth Billionaire that Democrats Need for 2028? The US Has More Copper Than China But No Way to Refine All of It Can 'MAMUWT' Be to Musk What 'TACO' Is to Trump? ©2025 Bloomberg L.P.

Bloomberg

10 hours ago

• Bloomberg

Russia's Top Oil Executive Says OPEC+ Was Astute to Boost Output

Steps taken by the OPEC+ group to boost oil supplies have proved astute, given developments in the Middle East conflict, according to Rosneft PJSC Chief Executive Officer Igor Sechin. 'The decision by OPEC+ leaders to raise production at accelerated rates appears highly far-sighted today, and from a market perspective, justified, considering consumer interests amid uncertainty about the scale of the conflict between Iran and Israel,' Sechin said at the St. Petersburg International Economic Forum on Saturday.