Support The Moscow Times!

French Join Sibur Venture

French specialty chemicals maker Rhodia will create a venture with Sibur Holding to tap the $500 million surfactant, or detergent chemicals, market in Russia and neighboring nations.

The companies have signed a memorandum of understanding to create the 50-50 project by the end of 2011, Emmanuel Butstraen, head of Paris-based Rhodia's Novecare unit, said in a telephone interview. The venture, which will use Sibur facilities about 400 kilometers east of Moscow, should be operational in 2013, he said.

(Bloomberg)

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.