26 September 2013 15:08 [Source: ICIS news]
LONDON (ICIS)--Initial construction work is under way for several facilities at the planned $6bn (€4.4bn) Kazakhstan Petrochemical Industries (KPI) petrochemical complex outside Atyrau, near the KazMunayGas refinery in western Kazakhstan, KPI said on Thursday.
The overall construction area was now prepared and large-scale construction work would commence as soon as financing talks with China's Eximbank were concluded, it added.
The construction and launch of a 500,000 tonne/year polypropylene (PP) plant at the planned ethane-fuelled petrochemical park could be completed before the end of 2014, KPI said.
Some 2bn tonnes/year of gas from Kazakh fields including Tengiz field would be earmarked for the production of ethane, butane and propane fractions at the complex, according to information from the Kazakh Oil and Gas Ministry.
The KPI petrochemical investment should deliver plants including an 800,000 tonne/year ethane cracker, a 500,000 tonne/year propane dehydrogenation (PDH) installation and an 800,000 tonne/year polyethylene (PE) unit.
China's Sinopec Engineering Group has been awarded a $1.85bn engineering, procurement and construction contract for 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 – is responsible for project management and training support during the realisation of the petrochemical complex.
($1 = €0.74)
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