Acceptance of applications for SIBUR’s grant contest opens in Nizhnekamsk

5 october 2021

Nizhnekamsk, October 5, 2021. SIBUR has announced the start of its first ever grant contest for Nizhnekamsk’s entities to be conducted within the framework of the Formula for Good Deeds social investment program. Applications that need to be submitted in an electronic format via the program’s website will be accepted up to November 20, 2021.

The contest’s objective is to support projects that seek to improve the quality of life in the Nizhnekamsk Municipal District. It is open to government institutions and municipal state-funded organizations with a focus on public welfare, as well as to non-profits and charitable foundations incorporated at least one year prior to the contest’s launch.

Entered projects have to be aligned with one or several of the Formula for Good Deeds program’s focus areas, including urban development, education, sports, environmental protection, and volunteering. An additional asset is the project’s potential for its further development via private entrepreneurship initiatives. Due to the continued uncertainty caused by the current epidemiological situation, contest applications entries need to describe a contingency plan for the project’s alteration in case tighter anti-COVID measures and/or restrictions get introduced.

Even at this early stage, it is already important for Nizhnekamsk to be able to form a constructive attitude to, and develop a common strategy for, our further joint development. I am confident that participation in the Formula for Good Deeds program will give our city an additional powerful impetus for further development of our social policies, in light of the sheer scale of the projects being implemented by SIBUR, Aidar Metshin, a member of the State Duma of the 8th convocation, noted.

SIBUR has been working systematically and consistently to improve the quality of life in all regions and communities where it operates. Our social investment program, The Formula for Good Deeds, allows us to combine the efforts of all caring people: from volunteering activists to heads of key public welfare institutions. We hope that we are going to be able to find new like-minded partners in Nizhnekamsk, a city with a well-established non-profit sector and vast experience in implementing excellent social projects, Alexey Kozlov, SIBUR Board Member – Managing Director, commented.

Since its early days and throughout its history, TAIF Group has been actively involved in charity by implementing socially important projects that support amateur and grassroot sports, landscaping and area improvement efforts, as well as construction of public welfare facilities. We are well familiar with our colleagues’ Formula for Good Deeds program, we see its effectiveness, and we are grateful to SIBUR’s management for making a decision, back at the stage when we were merging our two companies, to reaffirm so unequivocally that TAIF’s traditions of doing good for the benefit of the people of the republic will be continued. I am confident that our joint efforts within a united company will allow us to achieve even greater economic results which means that we will be able to do so much more for the benefit of Nizhnekamsk, Tatarstan, and the whole of Russia, Ruslan Shigabutdinov, General Director of TAIF JSC, noted.

The contest’s current rules are available on the program's website. A series of webinars for potential entrants will be held during the fall of 2021 where the grant program’s experts will offer advice on preparing applications. Winners will be selected by a jury consisting of SIBUR’s own experts, representatives of government authorities and public welfare subject matter experts.

All questions concerning participation in the contest should be directed to the program’s coordinators via email at grant@formula-hd.ru

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The Formula for Good Deeds, SIBUR's social investment program was launched on February 1, 2016, in all key cities where the company operates. It is being implemented across six focus areas covering all essential social sector domains: urban development, education and science, sports and healthy living, environmental protection, culture, and volunteering. The Formula for Good Deeds includes SIBUR’s own corporate volunteering program. Over the five-year period, 781 projects emerged as grant contests’ winners with more than 130 interregional projects having been implemented in nineteen cities.

Background information:

The Formula for Good Deeds, SIBUR's social investment program was launched on February 1, 2016, in all key cities where the company operates. It is being implemented across six focus areas covering all essential social sector domains: urban development, education and science, sports and healthy living, environmental protection, culture, and volunteering. Further information about the program is available at www.formula-hd.ru.

In 2021, SIBUR and TAIF initiated a merger of their petrochemical businesses. The merger will make the united company’s petrochemical business more resilient and will improve its competitiveness on the global market while creating additional opportunities for further growth of Russia’s petrochemical industry given its high capital intensity, and for further growth of chemical non-commodity exports. Additionally, it will help create new jobs and provide new opportunities for addressing sustainability issues and environmental challenges. The company will be able to achieve greater synergy by diversifying its feedstocks base, optimizing its distribution and logistics operations, beefing up its R&D capabilities, and increasing its assets’ operating efficiency. Upon finalizing all of its investment projects currently underway, the merged company will get to become one of the Top-5 global leaders in polyolefin and rubber production.

The merged company will ensure that its feedstocks flows are efficiently allocated as required for full capacity utilization and for further development of the petrochemical cluster in Tatarstan. It is committed to continuing financing TAIF JSC’s approved investment program, developing the group’s assets, and preserving TAIF's accumulated business management expertise and the group enterprises’ human capital.