SIBUR is actively exploring cooperation opportunities for the sale of carbon offsets in the Chinese market. China boasts several climate exchanges with significant trading volumes, as highlighted by Myakotnikova during her presentation at the Eastern Economic Forum in Vladivostok, a forum dedicated to fostering economic cooperation between Russia and China. She also mentioned that three out of the eight Chinese validation and verification bodies are working with Russian companies.
Myakotnikova stated that SIBUR envisions the potential to structure 10 to 15 of its environmental initiatives as climate projects, which would produce carbon offsets verified by Russian or international standards.
Additionally, SIBUR’s 2025 Sustainability strategy includes various other initiatives such as recycling up to 1,7 billion plastic bottles annually, installing solar panels at the company’s unit in the Bashkortostan region, and planting 5 million trees as part of its nature-based solutions (NBS) climate project, Green Formula.