18 July 2013 12:32 [Source: ICIS news]
LONDON (ICIS)--Kazakhstan Petrochemical Industries (KPI) is pushing ahead with a $6bn (€4.6bn) investment to construct an ethane-fuelled petrochemical complex just outside Atyrau, near the KazMunayGas refinery, the company said on Thursday.
The complex will include an 800,000 tonne/year ethane cracker and a 500,000 tonne/year propane dehydrogenation (PDH) and polypropylene (PP) plant by 2015.
Other units, including 800,000 tonnes/year of polyethylene (PE) production, are to be rolled out in several phases, the state-controlled company added.
China's Sinopec Engineering Group has been awarded a €1.38bn ($1.82bn) engineering, procurement and construction contract to deliver the PDH and PP plant, KPI said.
Consulting firm Rominserv – a unit of Romania's Rompetrol Group refining and petrochemical company, which is itself owned by another state-controlled Kazakh company, KazMunayGas – will provide project management and training support during the realisation of the petrochemical complex.
The complex will be located 33km (21 miles) northeast of Atyrau in western Kazakhstan, near existing road and rail links, KPI said.
Approximately 30,000 jobs will be created by the investment, with the primary ethane feedstock to be made from gas sourced from the Tengiz gas field, KPI added.
($1 = €0.76)
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