Kazakhstan to finish Atyrau polymers facilty in 2016 - ministry

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.

Kazakhstan now plans to finish construction of the new petrochemical hub, which will employ 6,400 workers, in 2016, the ministry said.

($1 = €0.81)

By: Sergei Blagov
+44 20 8652 3214

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