A gas chemical enterprise to produce methanol is expected to be built in the West Kazakhstan region as part of a USD140-million project, said Interfax, citing the press service for the Kazakh Industry and Infrastructure Development Ministry.
Kazakh Industry and Infrastructure Development Minister Kairbek Uskenbayev met with representatives of CITIC Construction Co. Ltd. and China Huanqiu Contracting & Engineering (Shanghai) Co., Ltd, the press service said.
"The Kazakh company Zhaik Petroleum LTD signed an EPC contract with the Chinese side during the meeting. This contract envisages the construction of a methanol-making gas chemical enterprise with a production capacity of 130,000 tonnes in the West Kazakhstan region," it said.
Some 500 jobs will be created during construction and assembly work, and 220 permanent jobs will be created after the facility is put into operation. The overall cost of the project stands at USD140 million.
The new gas chemical enterprise is expected to begin operating in late 2024. It will be followed by the project's second stage, estimated at USD200 million, to launch the production of ammonia and carbamide.
Earlier it was reported that on November 8, KazMunayGas launched a new plant for the production of polypropylene with a capacity of 500 thousand tons per year in Atyrau, Western Kazakhstan. The new plant is valued at USD2.6 billion and will be able to produce up to 65 types of polypropylene to meet domestic demand, as well as export polypropylene to foreign markets. It uses Catofin and Novolen technologies provided by Lummus Technology.
mrchub.com