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SIBUR (PJSC SIBUR Holding) is a Russian petrochemicals company founded in 1995 and headquartered in Moscow.

As a petrochemicals company SIBUR’s main activities are focused around the purchase and processing of associated petroleum gas (APG), which is otherwise flared by oil and gas companies. SIBUR processes APG into high value-added polymer goods, including plastics, elastomers and other materials commonly used in chemical, FMCG, automotive, construction, energy and other industries.

SIBUR’s petrochemicals business utilises mainly its own feedstock, which is produced by its Midstream segment using by-products purchased from oil and gas companies. The group owns and operates Russia's largest and most extensive integrated midstream asset base for processing and transportation of APG and NGLs, located primarily in Western Siberia, which is the largest oil and gas producing region in Russia and where the Group sources most of its feedstock.

SIBUR’s production facilities are located in over 20 Russian regions and employ around 23,000 employees. The company’s products are used in the chemical, fast-moving consumer goods, automotive, construction, energy and other industries in 80 countries worldwide. According to Forbes magazine's ranking of Russian companies by revenue for 2019, Sibur was the 13th-largest in Russia.

The company has international presence: an office in Vienna, five offices in China, and an office in Istanbul. SIBUR has an extensive portfolio of clients in key regions for the company – Russia, Europe and China.

As of today, SIBUR is a leading emerging markets petrochemical group and the largest petrochemical producer in the Russian market, according to IHS.

SIBUR’s newest petrochemicals facility ZapSibNeftekhim ranks in Top-5 largest petrochemicals projects in the world and is Europe’s largest petrochemicals plant by capacity.

The Group is currently working on a new project Amur Gas Chemical Complex, which is set to become the largest base polymer facility globally by capacity.

Operating segments
SIBUR has three operating segments: two petrochemicals sub-segments – olefins & polyolefins and plastics, elastomers & intermediates – and a midstream (LPG, naphtha, natural gas) segment. These business segments vary in their end-user markets, supply and demand trends, value drivers, and, consequently, their profitability, however, they are highly integrated with most of the feedstock for the petrochemicals business supplied by the company’s own Midstream segment.

Midstream
At the core of the group’s operations is the Midstream segment. SIBUR acquires by-products of oil and gas extraction (APG and raw NGL) and transports them to gas processing plants (GPP) and gas fractionation units (GFU). GPPs process APG to produce marketable natural gas, as well as raw NGLs feedstock, while GFUs fractionate NGLs to produce LPG and naphtha, which are the main feedstock for petrochemical production.

The LPG and naphtha produced by SIBUR is then either sold externally or secured as feedstock for the Group’s petrochemical business.

SIBUR's feedstock processing infrastructure includes seven out of the nine existing GPPs in Western Siberia, five compressor stations and three gas fractionation units.

Midstream facilities:

• SiburTyumenGaz (100%)

• Yuzhno-Priobskiy GPP (50%) (joint venture with Gazprom Neft Group)

Olefins & polyolefins (O&P)
SIBUR uses NGL to create olefins, which are then turned into polyethylene and polypropylene via polymerisation. Polypropylene is also used to produce BOPP films, which is an important material for packaging.

O&P facilities :


 * ZapSibNeftekhim (100%)


 * Poliom (50%, JV with Gazprom Neft Group)


 * BIAXPLEN (100%)


 * Tomskneftekhim (100%)


 * NPP Neftekhimia (50%) (joint venture with Gazprom Neft Group)


 * Sibur-Kstovo (100%)


 * RusVinyl (50%) (joint venture with SolVin)

Plastics, elastomers and intermediates
SIBUR's PE&I facilities produce the following products:

-         plastics and organic synthesis products (PET, glycols, expandable polystyrene, DOTP, alcohols and acrylates)

-         elastomers (rubbers)

-         methyl tertiary butyl ether (MTBE) and fuel additives

-         intermediates

These are used in the chemicals, FMCG, construction, automotive, agriculture and other industries.

Plastics, elastomers and organic synthesis facilities

 * Sibur-Neftekhim (100%)


 * Sibur-Khimprom (100%)


 * Polief (82.5%)


 * Sibur-PETF (100%)


 * Voronezhsintezkauchuk (100%)


 * Krasnoyarsk Synthetic Rubber Plant (100%, JV with SINOPEC through Sibur-Sinopec Rubber Holding Company Limited, 74.99%) Reliance Sibur Elastomers Private Limited (25.10%) (joint venture with Reliance Industries Limited).

In its petrochemicals business, the Group has been operating three steam cracker facilities, one propane dehydrogenation unit, two basic polymers production plants manufacturing low-density polyethylene and PP, three synthetic-rubber production plants manufacturing commodity and specialty rubbers as well as thermoplastic elastomers, and 13 production plants manufacturing plastics and organic synthesis products, including polyethylene terephthalate, glycols, alcohols, BOPP films, expandable polystyrene, acrylates as well as a wide range of intermediate chemicals.

Background
AK Sibur, the group's predecessor, was established by government decree in March 1995. The integration was underpinned by the production cooperation of petrochemical enterprises from the former Soviet Union (FSU), while Gazprom became the driving force of petrochemical asset consolidation around SIBUR. Although petrochemicals were not its core business, the gas company embarked on the mission set by the government to create a powerful national player in the deep hydrocarbon conversion market.

In 1995, the new company absorbed gas processing plants and infrastructure assets of Sibneftegazpererabotka; Permsky Gas Processing Plant producing petrochemical products and NIPIgaspererabotka, a design institute.

In 1998, in addition to Gazprom, entrepreneur Yakov Goldovsky became a co-owner and head of SIBUR. Towards the end of 1998, AK Sibur started its transformation into a vertically integrated petrochemical holding with a full production chain from the processing of raw materials through to the manufacture of finished goods. AK Sibur subsequently built up assets by buying stakes in petrochemical companies all over Russia, including some 60 companies. As a result, the company accumulated huge debts in excess of USD 1 bn with no finance to repay them.

By 2001, Gazprom had acquired a 51% stake in AK Sibur, thus gaining control of the company. In 2003, Alexander Dyukov was appointed as the chief executive officer (CEO) of AK Sibur, and a new management team was formed. Under new management, the company improved its operational and financial results and reached an agreement with its creditors.

Reorganization
In 2005, in accordance with a debt restructuring plan, AK Sibur established SIBUR Holding (whose legal successor is today's SIBUR), which consolidated all the assets of AK Sibur. A 25% interest in SIBUR was sold to Gazprom, and the remaining 75% was sold to Gazprombank, while the proceeds were used to repay the debt owed to Gazprom. In December 2005, AK Sibur Holding was renamed SIBUR Holding.

In 2007, Gazprom, as part of its strategy to exit from non-core businesses, disposed of its interest in the company by selling its 25% stake to the Gazfond private pension fund. In 2008, Gazprombank attempted to sell its 75% stake in the group as a part of a management buyout. However, the sale was not completed due to the unavailability of financing. In a series of transactions completed between November 2010 and November 2011, Leonid Mikhelson, a Russian entrepreneur and a co-owner of NOVATEK, acquired a controlling stake in the group. That same year energy trader Gennady Timchenko, ex-co-owner of Gunvor trading house, acquired a 37.5% stake in SIBUR. Between 2012 and 2017, there were several changes in shares. As a result, Mikhelson's equity interest totalled 48.8% of the Group's share capital, Timchenko’s stake stands at 17% and the total stake of current and former managers amounted to 14.5%.

Since 2011, SIBUR completed a number of selective divestments, selling its tyre and mineral fertiliser businesses. Instead, the company focused on investing in polymers. At the end of December 2011, SIBUR exited SIBUR-Russian Tyres, having sold a 75% stake to the company's management and the remaining stake to the partners of Vadim Gurinov, the CEO of SIBUR-Russian Tyres. At the end of December 2011, SIBUR sold its mineral fertiliser assets to Uralchem (Mineral Fertilisers, Perm) and Siberian Business Union (Kemerovo Azot and Angarsk Azotno-Tukovy Zavod).

Expansion
After the decision has been made to focus on polymer business the company started investing into the expansion of the midstream infrastructure, which, once in place, would provide the necessary feedstock for SIBUR’s polymer facilities. Overall, between 2012 and 2019, the Company completed 14 large-scale investment projects, with total capital expenditures amounting to 210 billion roubles. The expansion and modernisation of its assets allowed the Company to capitalise on growth opportunities in both gas processing and petrochemical markets in Russia. The new strategy was supported by the rebuilding of the company’s management in 2016, replacement of a CFO and the devolving of power to regional operations.

Midstream
The first expansion stage included the construction of an extensive transport infrastructure, including pipelines to deliver APG, as well as an increase in gas processing fractionation capacities.

In 2012, the Yuzhno-Balykskiy gas processing plant launched a low-temperature condensation and rectification unit.

In 2014, SIBUR completed construction of the linear part of the Purovsky GCP–Tobolsk–Neftekhim product pipeline, which has a total length of 1,100 kilometres.

In 2014, SIBUR commissioned the second fractionation unit, which made the total capacity of the Tobolsk site hit 6.6 mtpa up from 3.8 mtpa in 2011. In 2016, SIBUR completed another project aimed at further expansion of the gas fractionation capacity in Tobolsk from 6.6 to 8 million tonnes a year.

In 2016, Stage 2 of the Vyngapurovsky GPP was commissioned.

As a result, SIBUR's gas processing capacity grew to 25 bcm in 2016, while the recovery of desired fractions in APG processing increased to over 90% in 2016.

As processing capacities were increasing and some of the biggest planned polymer facilities were not yet ready, SIBUR was selling the end products of the midstream segment (LPGs) to the market. To facilitate the process, in 2012 SIBUR has begun the construction of Ust-Luga LPG transshipment facility Russia’s largest terminal for transshipment of liquefied petroleum gases with annual capacity of up to 1.5 mln t of LPG and up to 2.5 mln t of light oil products. In 2013 first gas carrier loaded at the new LPG transhipment terminal in Ust-Luga. In 2015, The consortium comprising the Russian Direct Investment Fund (RDIF) and leading international investors has acquired 100% of the marine terminal in Ust-Luga, owned by SIBUR. According to the agreement, SIBUR will be entitled to use the terminal’s capacity for the transshipment of its LPG and will oversee the terminal’s operations.

Experience gained from the construction of new production facilities and additional financial resources acquired from the sale of hydrocarbon commodities enabled SIBUR to begin developing polymer production to ensure import substitution and to fulfil export potential.

Polyolefins
SIBUR was also constructing new polymer facilities as per its new strategy. The built-up midstream infrastructure would compliment the new petrochemical capacities.

In 2013, SIBUR launched a new world-class polypropylene (PP) plant in Tobolsk (previously named Tobolsk-Polymer), one of the largest PP facilities globally and No 1 in the Commonwealth of Independent States (CIS). With an annual capacity of 500 kilotonnes of PP, the plant significantly increased the Group's polyolefins production capacity. In 2014, production was started at the RusVinyl plant.

That same year, SIBUR made a final investment decision to proceed with ZapSibNeftekhim (ZapSib) - the largest state-of-the-art petrochemical facility in Russia and one of the five largest global investment projects in the petrochemical industry. The project envisaged greenfield construction of a new world-class petrochemical complex in Tobolsk, within SIBUR's petrochemical hub, that would include an ethylene cracker with an annual capacity of 1.5 million tonnes and polyolefins production (annual PE capacity of 1.5 million tonnes and annual PP capacity of 0.5 million tonnes). Construction started in 2015.

In 2018, in an interview   with Financial Times, the CEO of SIBUR Dmitry Konov, has confirmed the Company’s focus on the expansion of the petrochemicals business:

''“Instead of exporting crude oil and raw gas to unpredictable markets, Mr Konov’s strategy is to use those raw products to make higher-margin plastics, and he has bet on two new projects that will turn Sibur into a global company. They will also mark his tenure as a success — or a failure.''

''In Siberia, the $8.5bn ZapSibNeftekhim will start producing 2m tonnes of polymers a year from 2019. As soon as ZapSib is running Mr Konov will focus on another mega-project: the $7.5bn Amur plant close to Russia’s eastern border with China. Sibur reckons it could start production after 2024 and add 50 per cent output to its production.”''

In 2019, the company completed construction and start-up procedures at all of ZapSib's production and processing facilities ahead of schedule, and production of PP and PE got under way.

Gradually bringing ZapSib to full production capacity remains SIBUR's chief strategic priority in 2020. ZapSib reached 68% production capacity at the end of the first quarter of 2020, which is in line with industry benchmarks. During the quarter, ZapSib produced 115,000 tonnes of polypropylene and 259,000 tonnes of polyethylene. With the continued ramp-up, SIBUR expects a significant upside in EBITDA and cash flows from ZapSib in the near future. ZapSib also enables SIBUR to increase its share of Petrochemicals revenue and decrease external revenue of Midstream, as well as diversify sales amongst multiple end markets and customers.

The total investment budget for the ZapSib project was revised downwards from $9.5 billion to approximately $8.8 billion as of 31 March 2020. The Group has already invested $8.2 billion as of 31 March 2020, with residual capital expenditures estimated to be around $0.6 billion. The group had committed credit lines available for the project in the sum of $ 0.4 billion as of 31 March 2020.

In June 2019, SIBUR and Sinopec signed a distribution agreement to supply PE to China from the group's ZapSibNeftekhim plant.

Niche segments and new products
In 2012, second phase of AlphaporTM expandable polystyrene production line was officially launched at SIBUR’s production site in Perm. The design capacity of the new line is 50,000 tonnes of EPS per year, and with its launch the Company’s aggregate polystyrene design capacity in Perm has reached 100,000 tonnes per year.

In 2013 SIBUR commissioned its new chemical complex at Voronezh - Thermoplastic Elastomer Production (TEP) Plant. The new plant has increased Sibur’s production of TPEs from 35,000t yearly to 85,000t a year.

In 2014, reconstruction of the EP-300 steam cracker facility was completed at Sibur's Kstovo plant.

In 2018, SIBUR completed the construction phase of the production of TPE at its compounding site in Voronezh, which added an annual capacity of about 50,000 metric tonnes.

In March 2019, a new eco-friendly dioctyl terephthalate plasticiser facility at the group's Perm site, with an annual nameplate capacity of 100 kilotonnes, made its first shipments to customers as part of production testing. In September 2019, SIBUR and Sinopec signed a framework cooperation agreement to produce SEBS (styrene, ethylene and butylenebased block copolymers) and a Memorandum of Understanding to cooperate in nitrile butadiene rubber (NBR) production.

Amur GCC
Therefore, SIBUR has begun works on a new major petrochemicals project Amur Gas Chemical Complex, a facility set to become one of the world’s largest and most advanced basic polymer producers.

On August 18, 2020, Russian Prime Minister Mikhail Mishustin and other officials including members of SIBUR top management oversaw the sinking of the first pile in the plant’s foundation via video link from the construction site in the Amur region.

The Amur GCC project envisages construction of a basic polymer production facility with a total capacity of 2.7 mtpa (2.3 mtpa of polyethylene and 400 ktpa of polypropylene). The facility will feature a unique and the world's largest cracking unit for the first-stage processing of incoming feedstock.

Amur GCC will be launched in synch with the gradual ramp-up of Gazprom's Amur Gas Processing Plant  to its full capacity, so that the latter could supply ethane and LPG to Amur GCC for processing into high value-added products. SIBUR and Gazprom signed agreements in May 2018 and September 2019, respectively, on long-term ethane (final) and LPG (preliminary) supplies totalling 3.5 million tonnes per annum.

The completion of construction and commissioning is scheduled for 2024–2025. Once in operation, Amur GCC will give a major boost to the growth of non-commodity exports, as Amur GCC’s polymer production capacity is 1.35 times higher than total polymer exports in 2019.

SIBUR considers Amur project to be another potential pillar of the company's expansion in the higher-value-added petrochemicals segment. This project would develop petrochemicals production in Eastern Siberia based on ethane and LPG feedstock expected to be supplied from Gazprom's Amur GPP to SIBUR's Amur GCC.

SIBUR will develop the Amur GCC through a joint venture with Sinopec, one of the world's leading petroleum and petrochemical holdings and SIBUR's long-standing partner. In April 2020, Sinopec received all necessary corporate approvals to take part in the project.

Other future projects
In 2018, SIBUR has launched the construction of a maleic anhydride (MAN) production facility at SIBUR Tobolsk. Maleic anhydride is used in the construction, agriculture, automotive, paint and varnish, furniture, pharmaceutical and other industries. It serves as feedstock for films, synthetic fibres, pharmaceuticals, detergents, fuel components and oils. MAN improves the durability of end products, enhances their waterproof properties, resistance to temperature stress and mechanical impacts. With a planned capacity is 45 ktpa, the facility is scheduled to go online in 2021, bringing new high-tech jobs to the market. MAN is currently not produced in Russia and domestic demand is covered by imports.

SIBUR is also working on a TPE expansion project: ramping up trial production of thermoplastic elastomers (SBS polymers) at SIBUR’s Voronezh site.

= Financials and capital markets =

Bond issues
In 2013, SIBUR first entered the global debt capital market, placing its debut eurobond, due in 2018, raising $1 billion in gross proceeds. In October 2017, the company successfully completed an offering of $500 million in eurobonds due in 2023. In October 2018, the Group bought back approximately USD 192 million of its notes due 2018 in a tender offer.

On 23 September 2019, the group  floated $500 million in five-year eurobonds on the Irish Stock Exchange. The bonds are due in 2024 with an annual interest rate of 3.45%. Total demand exceeded $1.3 billion. The offering saw the company's bonds purchased by global investors, more than half of whom were not Russian. On 1 July 2020, the company had raised USD 500 m following the offering of 5-year Eurobonds on the Irish Stock Exchange. The coupon rate is 2.95%, which is a record low for Russian corporate issuers.

Besides eurobonds, SIBUR organised a RUB 15 bn BO-01 and BO-02 series exchange-traded bond placement. The semi-annual coupon rate of the BO-01 and BO-02 bonds was fixed at 5.50%, making it the lowest-ever rate for a market placement by a Russian corporate issuer. On 7 July 2021, SIBUR organized a RUB 10 bn BO-03 series exchange-traded bond placement. The books closed at the lower end of the final guidance range, with the coupon set at 7.65% per annum and the issue enjoying best-in-class distribution at this coupon rate. The issue achieved the narrowest spread to OFZs (ruble-denominated Russian Treasury bonds) on the local bond market in the company’s history.

Credit ratings
In February 2018, the credit rating agency Moody's upgraded SIBUR's rating to Baa3.

In June 2019, Fitch Ratings upgraded SIBUR's rating to BBB- from BB+, judging the company's outlook to be stable.

In August 2019, Standard & Poor's gave SIBUR a BBB- rating. As a result, the company now has investment-grade credit ratings from all of the Big Three credit rating agencies.

In May 2020, Standard & Poor's affirmed SIBUR’s credit ratings at investment grade and revised outlook to negative which indicated the risk of a delayed recovery in petrochemical pricing in 2021. In June 2021, Fitch and Moody's affirmed SIBUR’s credit ratings at investment grade with outlook stable.

Initial public offering
Rumours of an initial public offering (IPO) have been reported in the media numerous times. By the end of July 2018, it became clear that the SIBUR was considering an IPO. Several sources in the sector reported that SIBUR was holding talks with banks about an offering. Discussions involved floating 10–15% of the company's shares. In September 2018, Dmitry Konov suggested that the company might list 15% of its shares in the second quarter of 2019.

In June 2019, Konov announced that the long-anticipated IPO would take place no sooner than 2020 and suggested Moscow as the main venue for the listing. In February 2020, Konov stated that he did not believe the IPO would be held in 2020 due to the current economic climate. In April 2021 Sibur and TAIF have announced a consolidation of their petrochemical businesses. Konov stated the IPO would not take place until the deal is closed.

In the event an IPO takes place, SIBUR's shares could become a new blue-chip stock in the Russian market.

Corporate affairs
In 2015, the company welcomed its first foreign investor after a deal was closed in December that made Sinopec a strategic investor in SIBUR with the purchase of a 10% stake from SIBUR's shareholders. The deal was one of the first steps in building a long-standing relationship between the Russian and Chinese companies.

In January 2017, the Silk Road Fund, a Chinese investment fund, acquired a 10% stake in SIBUR from SIBUR's shareholders.

In March 2019, the company revised its dividend policy for the period starting from 2019, increasing dividend payouts from 25% of net profit to not less than 35% of adjusted net profit. - check the link

Ownership
As of December 2019, ownership of SIBUR was divided as follows : Leonid Mikhelson, 48.5%; Gennady Timchenko, 17.0%; current and former managers of SIBUR Holding, 14.5%; Sinopec, 10%; Silk Road Fund, 10%.

Management Board PJSC SIBUR Holding :


 * Dmitry Konov, Chairman of the Management Board


 * Mikhail Karisalov, member of the Management Board


 * Alexey Kozlov, member of the Management Board


 * Sergey Lukichev, member of the Management Board


 * Alexander Petrov, member of the Management Board


 * Kirill Shamalov, Deputy Chairman of the Management Board


 * Vladimir Razumov, Deputy Chairman of the Management Board.

Acquisitions
In 2009, SIBUR acquired a 50% stake in BIAXPLEN, a Russian producer of BOPP films. In March 2012, SIBUR gained control of the BIAXPLEN group of companies by increasing its stake from 50% to 100%. At the time of the acquisition, production facilities belonging to the BIAXPLEN group comprised three plants located in the Nizhny Novgorod, Kursk and Moscow regions with a total annual capacity of 78,000 metric tonnes of commodity films.

In 2011, SIBUR acquired JSC Acrylate, the only CIS-based producer of acrylic acid and its esters, from ATEK Group.

In July 2019, SIBUR and Gazprom Neft consolidated 100% of the authorised capital in Poliom, a polypropylene plant in Omsk. Sibgazpolimer, a joint venture between the two companies, has signed an agreement to acquire a 50% stake in Poliom from the Titan Group.

In November 2019, Tatneft completed the purchase of SIBUR's petrochemical facilities in Tolyatti (SIBUR Togliatti and JSC Togliattisintez).

= Partnerships and Cooperation = In June 2007, SIBUR established RusVinyl, a 50/50 joint venture with SolVin Holding Nederland. The joint venture was established to construct a polyvinyl chloride (PVC) plant with an annual capacity of 330 kilotonnes of PVC and 225 kilotonnes of caustic soda.

In February 2012, SIBUR entered into a joint venture arrangement with Reliance Industries Limited, which established a joint venture called Reliance Sibur Elastomers Private Limited, in which SIBUR owns a 25.1% stake. The joint venture was established for the development of a butyl rubber production facility in India with an annual capacity of 120 kilotonnes. It started production in 2015 and is set to become operational in 2020. This will become the region’s first butyl rubber halogenation plant. In addition, Sibur agreed to share proprietary butyl rubber technology, staff training and access to the complex equipment of polymerization reactors, which is unprecedented for a Russian company and marks a unique case of partnership between the two countries.

In October 2012, SIBUR signed an agreement with Solvay (after initial negotiations with Rhodia, which was acquired by Solvay) to establish RusPav, a 50/50 joint venture that was established to develop a surfactant and oilfield process chemicals production site in Dzerzhinsk, in the Nizhny Novgorod region.

In August 2013, SIBUR and China Petroleum and Chemical Corporation (Sinopec) entered into a joint venture developed on the site of the Krasnoyarsk Synthetic Rubber Plant (KZSK), where Sinopec purchased a stake of 25% plus one share in KZSK.

In 2018, SIBUR Group established a 50/50 joint venture, PTC, with SG-Trans, a major Russian railway operator.

In September 2019, the group acquired a 50% stake in Manucor, which became a 50/50 joint venture between the Group and PS Film, a member of the PillarStone Fund, a BOPP films producer located in Italy.

On June 5, 2019, SIBUR and Sinopec signed a Term Sheet for a potential Joint Venture that could be based at Amur Gas Chemical Complex. Subject to SIBUR's final investment decision, Sinopec is expected to have a 40% share in the JV. The final investment decision for the project is still under consideration and is dependent on Sinopec's entering the joint venture and Russian government’s decision to implement a negative excise tax on ethane and LPG. The Ministry of Finance is finalizing the text of the draft amendments to the Tax Code. In its extended configuration Amur GCC is projected to operate a world-scale cracker together with polyolefin units with a total capacity of 2.7 mtpa (2.3 million tonnes of PE and 0.4 million tonnes of PP). In September 2019, SIBUR signed a gas supply deal with Gazprom, which would allow Amur plant to increase potential output by 80% to reach the extended configuration.

= Awards and prizes = In 2019, SIBUR ranked 39th in the ICIS Top 100 Chemical Companies Rating by revenue.

SIBUR is one of the best employers in Russia – the hh.ru rating of Russian employers ranked the company third among the country's 100 best employers in 2019.

Between 2012 and 2017, SIBUR demonstrated the highest increase (+54%) in labour productivity among Russian companies according to ACRA Rating Agency.

Randstad's rating recognises SIBUR as the most attractive employer in the chemical industry.

SIBUR received an international Customer eXperience World Award in the "Best customer experience in b2b" category among industrial companies in 2020 and 2021.