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Russia's Sibur and China's Sinopec negotiating new joint projects

There are plenty of ideas, according to Sibur CEO

ST. PETERSBURG, May 28. /TASS/. Russia’s energy company Sibur and China’s Sinopec are negotiating cooperation options despite abandoned plans to jointly produce rubber in China, CEO of Sibur Mikhail Karisalov said in an interview with TASS.

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"There are plenty of ideas. Some (projects - TASS) involve Sinopec, though those are business ideas," he said, adding that the sides might still return to the idea of setting up a joint venture if the scene is set on the commodities and sales markets.

In May 2014, Sibur and Sinopec signed an agreement to set up a joint venture to produce butadiene-nitrile rubber with a capacity of 50,000 tonnes at the Shanghai Chemical Park.

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