In February 2012, SIBUR entered into a joint venture arrangement with Reliance Industries Limited, pursuant to which a joint venture, Reliance Sibur Elastomers Private Limited was set up, in which SIBUR owns a 25.1% stake. This joint venture was established for the development of butyl rubber production facility in India with a capacity of 120,000 metric tonner per annum.
SIBUR is a uniquely positioned gas processing and petrochemicals company with a business model focused on the integrated operation of its two core segments. SIBUR owns and operates Russia’s largest gas processing business in terms of associated petroleum gas processing volumes, according to IHS CERA and is a leader in the Russian petrochemicals industry.
The Group has two operating and reportable segments: (1) feedstock and energy and (2) petrochemicals
As of 31 December 2013, the Group operated 26 production sites, had over 1,500 large customers operating in the energy, automotive, construction, fast moving consumer goods (FMCG), chemical and other industries in approximately 60 countries and employed over 26,000 personnel.
The Group benefits from owning and operating Russia’s largest and most extensive integrated infrastructure 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. This infrastructure includes seven out of the nine existing gas processing plants (GPPs) in Western Siberia, five compressor stations, and three gas fractionation units (GFUs). As of 31 December 2013, SIBUR had APG processing capacity of 23.1 billion cubic metres per annum and raw NGL fractionation capacity of 5.2 million tonnes per annum.
In its petrochemicals business, the Group operates three steam cracker facilities, two basic polymers production plants, manufacturing low density polyethylene (LDPE) and polypropylene (PP), three synthetic rubbers production plants, manufacturing commodity and specialty rubbers as well as thermoplastic elastomers, and 13 production plants manufacturing plastics and organic synthesis products.
As of 31 December 2013, the Group’s basic polymers production capacity was 995,000 tonnes per annum, synthetic rubbers production capacity was 678,900 tonnes per annum and plastics and products of organic synthesis production capacity was 1,008,800 tonnes per annum.
In 2013, the Group’s revenue was RR 269.8 billion, the Group’s EBITDA was RR 78.9 billion, and the Group’s EBITDA margin was 29.2%.