Turkmenistan begins selling PE, PP from new polymer plant

04 September 2018 11:12 Source:ICIS News

MOSCOW (MRC)--The sale of polypropylene (PP) and high-density polyethylene (HDPE) from a new gas chemical complex began in the export trades of the State Commodity and Raw Materials Exchange of Turkmenistan on 3 September, according to the ICIS-MRC Price Report.

The first lots of PP and HDPE with a total volume of about 14,100 tonnes were put at the State Commodity and Raw Materials Exchange of Turkmenistan on 3 September.

Polymers from the new gas chemical complex in the village of Kiyanly (Balkan region, Turkmenistan) were represented at the auction.

Earlier it was reported that the gas chemical complex for production of HDPE and polypropylene, with capacity of 386,000 tonnes/year and 81,000 tonnes/year respectively, was built by the consortium TOYO Engineering (Japan) and LG and Hyundai (South Korea). The total cost of the project was about $3.4bn.

MRC, a partner of ICIS, produces polymers news and pricing reports from Russia, Ukraine, Belarus, Uzbekistan and Kazakhstan.

By Sergey Karaichentsev