SIBUR and BASF sign a memorandum for sustainable development
Category: #energy-and-environment  By Saipriya Iyer  Date: 2019-12-07
  • share
  • Twitter
  • Facebook
  • LinkedIn
SIBUR and BASF sign a memorandum for sustainable development

BASF and SIBUR have reportedly inked a Memorandum of Understanding (MOU) to validate their collaboration on circular economy and sustainable development agenda. Earlier in June 2019, both the companies had environmental discussions. The MoU was signed on the margins of the conference held at PolyLab R&D Centre of SIBUR.

The move is aimed at bolstering the commitment of both SIBUR and BASF towards persistent sustainable development targets. Both the companies have acquiesced to partner more strongly on carbon footprint management, chemicals recycling. water efficiency and joining forces in executing international environmental programs.

The documents were apparently signed by Christoph Roehrig, Head of BASF and Maxim Remchukov, Sustainable Development Director at SIBUR and the CIS.

Maxim Remchukov reportedly stated that BASF has established its expertise and experience in the area of circular economy, outdoing in both accomplishing commercial success and exhibiting social and environmental responsibility. The company is dedicated to sustainable business practices and considered to execute the best projects and initiatives committed to this cause, he further added.

Christoph Roehrig apparently expressed that the company has been following its sustainable growth plan for 25 years. The company is certain that its joint initiatives and strategies will make a real difference in enhancing the welfare of current and future generations, he further added.

SIBUR is assured that the collaboration will generate considerable synergies for both the firms and help the to achieve their targets. This partnership is a substantial milestone for BASF and grateful to partner with a leading Russian petrochemical company.

For the uninitiated, BASF SE is a European chemical firm, headquartered in Germany and one of the largest producers of chemicals in the world. The company has about 122,000 employees contributing to the success of its customers in almost all sectors and almost every country in the world. 
 

Source links:

https://www.sibur.ru/en/press-center/news/SIBURandBASFstrengthenpartnershiponsustainabledevelopment/

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Saipriya Iyer

Saipriya Iyer    

Saipriya Iyer currently works as a content developer for GroundAlerts. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had previous experience of 3 years under her belt, she has dabbled with website ...

Read More >>

More News By Saipriya Iyer

Patanjali plans to sell food retail biz to Ruchi Soya for $88Mn
Patanjali plans to sell food retail biz to Ruchi Soya for $88Mn
By Saipriya Iyer

Indian multinational conglomerate holding company, Patanjali Ayurved has recently signed an agreement to sell its food retail unit to Ruchi Soya Industries for Rs 690 crore (USD 88 Million). The deal, which comprises 21 major products such as hone...

Apollo in talks to pump $1Bn into India’s residential property market
Apollo in talks to pump $1Bn into India’s residential property market
By Saipriya Iyer

Apollo Global Management Inc., an American investment management firm, is reportedly planning to lend around $1 billion to Indian property developers this year, making a bet on the recovery of the country’s residential property market as the CO...

Meta platforms join hands with AMD to make broadband more accessible
Meta platforms join hands with AMD to make broadband more accessible
By Saipriya Iyer

The two companies will collectively work on mobile internet infrastructure program This partnership aims to reduce base station cost and make broadband more accessible   Meta Platforms Inc., the parent company of Facebook, has rece...