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Japans Marubeny, Kazakhstan sign MOU to develop chem. projects

October 07/2011

SINGAPORE (ICIS)--Marubeni Trading Corp has signed an agreement with Kazakhstan's national chemical firm United Chemical Company (UCC) to study and develop a series of chemical projects in the central Asian country, the Japanese trading firm said on Friday.



By concluding [the] Memorandum of Understanding (MOU) for Cooperation, both UCC and Marubeni acknowledge each other as strategic partners and will jointly proceed with study and development of a series of chemical projects, the company said in a statement.
The MOU between the two firms was signed on 6 October this year, the company said.



Marubeni will contribute to the development of chemical industry in Kazakhstan by utilizing several functions such as investment, finance, products off-taking and plant construction, it added.
UCC was established in 2009 to develop the chemical industry in the oil and gas rich country, according to Marubeni.

 

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