Construction Frontline
Sinopec signs a contract for the polyethylene project in Kazakhstan
Seetao 2024-04-22 11:02
  • This project not only enhances the cooperative relationship between Sinopec and Kazakhstan National Oil and Gas Corporation
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On April 19, 2024, Kazakhstani Prime Minister Olzas Bekhtenov visited the site and witnessed the successful completion of the equity delivery ceremony for the Kazakhstan polyethylene project by Sinopec and Kazakhstan National Oil and Gas Company in Astana.

Sinopec has officially become a shareholder of the project and has obtained 30% equity from other partners.

The project is located in the Karabadan Economic Zone of Atyrau Oblast, Kazakhstan, with the aim of constructing a polyethylene plant with an annual production capacity of 1.25 million tons using ethane raw materials separated from the largest oilfield in Kazakhstan, the Tengiz oilfield. The project adopts international advanced technology licensing technology and can produce about 22 types of polyethylene products with high market demand, which will be widely used in multiple industries such as packaging, automotive parts, and building materials. Keywords: the Belt and Road news, the Belt and Road project, overseas project.

It is understood that the project is currently in a critical stage of expanding basic design, and it is expected that the shareholders will complete the final investment decision within 2024. The construction and operation period of this project is expected to bring about 8800 job opportunities. After being put into operation, it will contribute about 1.2% of Kazakhstan's GDP share, playing an important role in regional social stability and creating new employment opportunities, injecting new vitality into Kazakhstan's economic and social development. (This article is from the official website of Jiandao: www.seetao. com. Reproduction without permission is not allowed, otherwise it will be punished. Please indicate Jiandao's website and the original link when reprinting.) Jiandao's mechanical column editor/Zhou Yingwen

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