Uzbekneftegaz and Indorama make gas JV |
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(plastemart) -- Uzbekneftegaz and
Singapore's Indorama Group have established the UzIndoramaGazChemical joint
venture (JV) to build a gas chemical complex (GCC) on a parity basis, as per
Trend News Agency.
In 2010, Uzbekneftegaz and Indorama signed a
memorandum of cooperation, providing for technological and financial
participation of Singapore company to establish production of diversified
products (polymers and polyethylene) on the basis of the Mubarek Gas Processing
Plant. As reported earlier, the project worth USD2.5 bln envisages building the
GCC with a capacity of 400,000 tpa of polyethylene.
The construction
period is four years. The project will be financed by Uzbekneftegaz, loans from
the Uzbek Reconstruction and Development Fund, and investments by the
Singaporean company Indorama. |
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mrcplast.com | |
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