SIBUR Plans to Develop Healthcare-Specific Polyolefins in 2024

In 2024, SIBUR is strategically planning to embark on the development of novel polymer grades, with a particular emphasis on polyolefins tailored to cater to the specific requirements of the medical industry. The company's visionary agenda extends beyond the healthcare sector, encompassing the creation of innovative grades for applications in transportation and oil and gas production. Looking ahead to 2025, SIBUR envisions the implementation of several import substitution projects for special chemicals, a move poised to not only benefit the holding itself but also provide alternative solutions for other manufacturers seeking to reduce reliance on imports.

An integral aspect of SIBUR's 2024 strategy involves a significant milestone that aims to introduce several dozen new product brands containing recycled materials, each offering distinct qualities. This initiative aligns with broader industry trends and emphasizes sustainability by repurposing materials and minimizing environmental impact. Furthermore, the company is committed to advancing technology by working on the replacement of heterogeneous catalysts in various processes such as pyrolysis, dehydrogenation, and isomerization, with a focus on scaling these advancements.

In a broader market context, SIBUR's forward-looking perspective is grounded in an assessment of the potential growth in the consumption of basic polymers in Russia. Projections suggest a substantial 37% increase, equivalent to 1.6 million tons, by 2028. For the immediate future in 2023, the demand for polymers in the Russian Federation is anticipated to witness a robust 9% growth compared to the previous year, reaching approximately 4.3 million tons. This includes an expected consumption of 1.5 million tons of polypropylene (a 13% increase) and 2.8 million tons of polyethylene (a 7% increase). Over the period from 2020 to 2023, the polymer market in the Russian Federation and the Commonwealth of Independent States (CIS) experienced a substantial upswing, surging by 1 million tons to reach 4.3 million tons from an initial 3.3 million tons.

SIBUR, as a global petrochemical company, occupies a prominent position as a leader in the production of polymers and synthetic rubber within Russia. The diverse range of products manufactured by the company finds applications across various sectors, including construction, food industry, medicine and pharmaceuticals, agriculture, and the automotive industry. Underpinning SIBUR's commitment to innovation is the Sibur Polylab, serving as the Research and Development center dedicated to the continual evolution and testing of polymer products. Through its multifaceted initiatives, SIBUR is poised to not only meet the evolving demands of diverse industries but also contribute to the broader goals of sustainability and technological advancement in the petrochemical sector.