24 March 2011 11:16 [Source: ICIS news]
MOSCOW (ICIS)--Kazakhstan's deputy oil and gas minister Aset Magauov announced plans on Thursday to appoint a new foreign investor for its polymer production project at Atyrau in the west of the country.
So far, ?xml:namespace>
The facility will include capacity for 400,000 tonnes/year of low density polyethylene (LDPE) and high density polyethylene (HDPE), and 400,000 tonnes/year of linear low density polyethylene (LLDPE). The capacity for polypropylene (PP) has been increased from 400,000 to 500,000 tonnes/year.
Separately, in November 2009 the existing Atyrau Refinery and China's Sinopec Engineering signed an agreement to build $1.1bn aromatics production facilities at the site by 2013. The new units will have capacities of 496,000 tonnes/year of paraxylene (PX) and 133,000 tonnes/year of benzene.
LyondellBasell had committed to being a partner in the project, which has been hit by a number of delays, but later withdrew.
($1 = €0.71)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections