Sibur-Neftekhim has concluded the first pilot deal for the sale of 100 carbon units in the new segment "Trading in carbon units" on the platform of the Electronic Trading System of the over-the-counter market (SET BP). This was announced by Sibur.
The agreement on the deal was reached during the UN Climate Change Conference (COP29) in Baku. The price of a carbon unit at the end of the auction amounted to 1.05 thousand rubles. The deal set a new price benchmark in the market.
"The launch of the over—the-counter segment is an important stage in the work of the exchange to develop approaches to standardizing carbon units and transferring them as standardized goods to the exchange platform," added Ivan Rubanov, Deputy Head of the Carbon Market and Innovation Projects Department, quoted in the message.
SIBUR is an oil and gas chemical company in Russia. Over the past 15 years, SIBUR has invested more than 1.5 trillion rubles in the development of the domestic petrochemical industry, the creation of new and modernization of existing production facilities.
The net profit of PJSC SIBUR Holding according to RAS for 2023 fell by 51%, to 90.7 billion rubles, from 185.8 billion rubles a year earlier. Profit before tax fell by 47.8%, to RUB 120.09 billion, from RUB 230.36 billion. Revenue increased by 10.4%, to 1.03 trillion rubles, from 934.5 billion rubles. Gross profit amounted to 333.38 billion rubles against 312 billion rubles.
SIBUR's net profit under IFRS for the first 9 months of 2024 increased 2.6 times to RUB 157.84 billion from RUB 60.36 billion a year earlier. Revenue increased by 7.6% to RUB 840.68 billion from RUB 781.3 billion. EBITDA fell by 2.1% to RUB 342.59 billion from RUB 350 billion.
