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.
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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.
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