Nizhnekamskneftekhim expects over 60% growth in EBITDA by 2030

NIZHNEKAMSK. June 23 (Interfax) - The implementation of the largest capacity expansion project for bulk chemicals in European Russia since Soviet times by PJSC Nizhnekamskneftekhim (NKNK, part of SIBUR) will provide the company with over 60% EBITDA growth by 2030, NKNK General Director Marat Falyakhov told shareholders at their annual meeting held on June 21.

Investment in the project is planned at 500 billion rubles, Falyakhov said.

It was previously reported that NKNK's EBITDA to International Financial Reporting Standards (IFRS) grew 2.2% to 71.3 billion rubles in 2024.

As part of the capacity expansion project, NKNK completed construction of the EP-600 ethylene unit worth around 200 billion rubles in late 2024 and intends to bring it to full capacity in the coming weeks. The EP-600 will process 1.8 million tonnes of straight-run gasoline annually to produce 600,000 tonnes of ethylene and target products - propylene (over 270,000 tonnes), benzene (245,000 tonnes) and butadiene (88,000 tonnes).

In conjunction with EP-600, NKNK is creating production capacities for 300,000 tonnes per year of premium metallocene polyethylene (through deep reconstruction of an existing polyethylene unit with a 1.5-fold increase in capacity), hexene (50,000 tonnes) and styrene chain products - ethylbenzene (350,000 tonnes), styrene (400,000 tonnes) and polystyrene (250,000 tonnes).

Nizhnekamskneftekhim is one of the world's largest synthetic rubber producers and Russia's leading plastics manufacturer, having been part of SIBUR since October 2021.