SIBUR has applied for participation in the tender of investment projects aimed at reduction of greenhouse emissions. The Russian operator of ERU (emission reduction units) responsible for the tender arrangement is Sberbank of the Russian Federation. SIBUR's submission was made jointly with investment bank J.P. Morgan acting as a buyer of ERU in pursuance of the Kyoto Protocol.

Implementation of projects participating in the tender will result in additional processing of up to 2 billion cum of associated gas and reduction of greenhouse emission through the years 2010-2011 more than by 9 million tons of CO2 equivalent.

Proceeds from sales of ERU will be used in financing of investment projects connected with deep processing of associated gas that is currently burnt in field flare units of oil and gas deposits. SIBUR consistently pursues the strategy of increased intake of associated gas. During the period from 2007 to 2009, processing of this gas has increased from 13.0 to 16.8 billion cum p.a. and is going to achieve 20 billion cum p.a. in the next few years.