MOSCOW (MRC)--Uz-Kor Gas Chemical has begun resuming polyethylene (PE) and polypropylene (PP) production following scheduled turnarounds, according to the ICIS-MRC Price report, citing the plant's customers.
Uz-Kor Gas Chemical started a gradual resumption of production at its high denisty polyethylene (HDPE) and PP units since 10 October after the shutdown for scheduled turnarounds. The outage did not last long and began on 27 September.
The plant’s customers also added that negotiations over prices for October PE and PP shipments had begun.As MRC reported earlier, Uz-Kor Gas Chemical was founded on the basis of Ustyurt Gas Chemical Complex (Surgil field). The total cost of the project is over $4bn. The complex provides processing of 4.5bn cubic meters of natural gas and includes HDPE and PP production capacities with annual capacities of 386,000 and 80,000 tonnes respectively.
Uz-Kor Gas Chemical is a joint venture founded by the National Holding Company Uzbekneftegaz and by an investment consortium of Korean companies - Kogas, Lotte Group and ST-X Energy.
MRC, a partner of ICIS, produces polymers news and pricing reports from Russia, Ukraine, Belarus, Uzbekistan and Kazakhstan.