18 July 2012 15:34 [Source: ICIS news]
MOSCOW (ICIS)--Building work on a new polymer production facility has begun at Atyrau in Kazakhstan, the country's Oil and Gas Ministry said on Wednesday.
The construction works include an upgrade of the Atyrau-Aktobe highway, as well as building new power transmission lines and a railway line, the ministry said in a statement.
The project is expected to cost $6.3bn (€5.1bn) and will have capacities of 500,000 tonnes/year of polypropylene (PP), 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 and cost figures have been revised from earlier ministry projections.
($1 = €0.81)
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