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LG Chem, Kazakhstan Petrochemical Industries reconfirm plans of JV

March 28/2012

(koreaherald) -- Kazakhstan is a state rich in gas, oil and other natural resources. LG Chem and state firm Kazakhstan Petrochemical Industries plan to move ahead with a petrochemical complex in Atyrau, at a total investment outlay ofUSD4.2 bln.

The event took place as LG Chem and state firm Kazakhstan Petrochemical Industries plan to go forward with building a petrochemical complex in Atyrau.

A total of USD4.2 billion in investment will be injected into the complex, which is the biggest project since Kazakhstan announced its independence in 1991. It will include an 800,000-ton ethylene unit and another 800,000-ton unit for polyethylene, according to LG Chem officials.

With the petrochemical complex being dubbed one of the few projects by a foreign firm fully supported by the Kazakhstan government, LG chairman Koo Bon-moo has discussed various cooperative measures with President Nazarbayev since Koo first visited Kazakhstan as Koreas business representative in 2004.

The project, to comprise an 800,000 ton ethylene unit and a 800,000 ton unit for polyethylene, will be the biggest project since Kazakhstan announced its independence in 1991.


mrcplast.com
Author:Anna Larionova
Tags:ethylene.
Category:General News
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