MOSCOW (MRC) -- INEOS has licensed its Innovene S process to Hyundai Engineering for the Turkmengas new greenfield world-scale petrochemical complex in the Balkan region of Turkmenistan, said Hydrocarbonprocessing.
The contract for construction of the gas-chemical complex in Turkmenistan, including polyethylene, will be built by a consortium consisting of LG International Corp., TOYO Engineering Corp. and Hyundai Engineering. This is the first Innovene S license awarded to INEOS Technologies in Central Asia.
The complex, which will be operated by Turkmengas, will include a 386,000 tpy line of high-density polyethylene (HDPE) using Innovene S technology alongside a 50,000 tpy black compounding line.
"INEOS is very pleased to support the development of the petrochemical industry in Turkmenistan with Turkmengas and Hyundai Engineering and look forward to working with both companies to ensure the successful start-up of this world-scale petrochemical complex on the Caspian Sea," said Peter Williams, CEO of INEOS Technologies.
The Turkmengas plant will serve their customers with a broad product range, including Bimodal PE 100 Pressure Pipe, ensuring a competitive advantage for their customers both in domestic and global markets.
As MRC wrote before, Sasol Chemicals North America and INEOS Olefins & Polymers announced Monday that they have reached final investment decision to form a joint venture to build a high-density polyethylene (HDPE) plant in La Porte, Texas. The 50/50 joint venture will produce 470,000 tpy of bimodal HDPE using Innovene S process technology licensed from INEOS Technologies.
INEOS is a global manufacturer of petrochemicals, speciality chemicals and oil products. It comprises 15 businesses each with a major chemical company heritage. Its production network spans 51 manufacturing facilities in 11 countries throughout the world.