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(Plastemart) -- South Africa-based
petrochemicals group Sasol Ltd. along with its partners Uzbekneftegaz and
Malaysia’s Petronas, has agreed to install a gas-to-liquids (GTL) project in
Uzbekistan, signing an investment deal with the country’s Minister of Foreign
Economic Relations, Investment and Trade. Production at the facility will
comprise high quality, environmentally friendly diesel, kerosene and
naphtha.
The subsequent phase of the venture involves front-end engineering and
designing of the plant that is expected to start by the end of 2011. Following
the final investment decision, the GTL project will come online in the second
half of this decade. As per the feasibility study conducted by Sasol, the
venture has the prospects of building a GTL plant in Uzbekistan with an
estimated nominal capacity of 1.4 mln tpa. Sasol and state-owned oil company
Uzbekneftegaz hold a 44.5% interest each, while Petrona controls the remaining
11% stake.
mrcplast.com
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