Belarus govt to back $17bn of chemical industry projects by 2020

28 August 2012 17:21  [Source: ICIS news]

LONDON (ICIS)--Belarus is committed to realising 40 chemical industry investment projects with a cost of $17bn (€14bn) by 2020, the Belarusian Department of Trade and Investment Promotion said on Tuesday.

Belarusian state chemical and petrochemicals company Belneftekhim has earmarked capital expenditure of $7.2bn and intends to take a loan of $2.7bn for the projects, while the remainder might be sought from foreign investors, it added.

Among the most significant projects are a low density polyethylene (LDPE) plant and polypropylene (PP) plant planned for Belneftekhim subsidiary Polimir, as well as the modernisation of Polimir's olefin plants, the promotion department said.

Other investment initiatives should see a polyethylene terephthalate (PET) installation constructed at producer Mogilevkhimvolokno and ammonia, methanol, hydrogen and urea plants built in as yet unspecified locations, it added.

($1 = €0.80)


By: Will Conroy
+44 20 8652 3214



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