OREANDA-NEWS. December 02, 2013. At the RubberTech China 2013, Russian petrochemicals company Sibur revealed that JV project is being progressed with China Petrochemical Corporation (Sinopec Group), including establishment of two plants in Shanghai.

Upon completion, the JV will adopt patents and technology from Sibur.

Actually, both parties have started bilateral cooperation, setting up a JV on the basis of a synthetic rubber plant situated in Russia.