The Ministry of Energy of the Republic of Kazakhstan recently announced a major industrial upgrading plan, investing 15 billion US dollars to build six high-end oil and gas chemical projects in the Atyrau State Industrial Petrochemical Science and Technology Park in the western part of the country, marking a key step in the transformation of the country's energy industry from primary resource exports to high value-added chemical manufacturing.
The plan includes two core projects: a polypropylene integrated chemical plant invested $2.6 billion by Kazakhstan Petrochemical Industries Inc., with an annual production capacity of 550000 tons, which will be put into operation in 2022; The polyethylene production base with a total investment of 7.4 billion US dollars has a designed annual production capacity of 1.25 million tons and is planned to be completed and put into operation by 2029. The project cluster will receive policy support such as tax incentives and energy security, and is expected to create 19000 job opportunities after completion. Temirran Urkumbaev, Director of the Oil and Gas Chemistry Department of Kazakhstan's Ministry of Energy, stated that these projects will significantly enhance the country's position in the global chemical industry chain.
It is worth noting that the project has attracted international companies such as China Petroleum and Chemical Corporation and Russia's Sibur Holdings Limited to participate. The engineering construction is carried out by internationally renowned EPC contractors such as Italian Tecnimont, Spanish United Technologies, and Korean Hyundai Engineering Construction Co., Ltd.
The government of Kazakhstan stated that the investment plan will focus on developing the production of high-end chemical products such as polypropylene, polyethylene, butadiene, and urea, promoting the country's transformation from an energy exporting country to a chemical manufacturing powerhouse. As the main carrier of the project, the Atyrau State National Industrial Petrochemical Technology Park covers a total area of over 3600 hectares and currently has 18 enterprises settled in. This industrial upgrading plan provides important cooperation opportunities for enterprises from China, Russia and other countries, and is expected to drive the overall upgrading of the petrochemical industry chain in Central Asia. Project related information can be found on the official website of the Ministry of Energy of Kazakhstan. (This article is from the official website www.seetao.com of Jian Dao. Reproduction without permission is prohibited, otherwise it will be prosecuted. Please indicate Jian Dao website+original link when reprinting.) Jian Dao website New Energy Engineering column editor/Yang Beihua
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