11 Jun '08
RusVinyl, a JV developed by SIBUR (Russia) and Solvay SA (Belgium) is looking into finding a local source for salt used in the production of PVC, according to regional officials. The Belbazhksky deposit is a likely source and if developed, could cost the firm $77-93m according to experts.
RusVinyl is building the largest PVC plant in Eastern Europe in Kstovo. The $944m project will be finished in 2010.
Niznhy officials are also looking for an investor who would agree to finance the production of edible salt at the same deposit.