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Amur Gas Chemical Complex Secures $9.1 billion to Push Project Forward

12/9/2021

Sibur of Russia announced recently that it has secured $9.1 billion USD in loans for the upcoming Amur Gas Chemical Complex under development in Russia. Sibur is co-owner of the plant with Sinopec of China. International banks will provide $2.6 billion of the $9.1 billion figure, while Russian and Chinese banks will issue the remaining $6.5 billion.

The Amur Gas Chemical Complex is slated to begin operations in 2024 with the capacity to produce 2.3 million tons per year of polyethylene and 400,000 tons per year of polypropylene, with gas feedstock provided by Gazprom’s gas processing plant that is also named Amur. Sibur is considering the success expected from the Amur Gas Chemical Complex to be a vital part of the company’s plans to become a global player in this market.