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Plan to set up $701m polyethylene plant in Pakistan

October 05/2010

(Arab news) -- A British and Pakistani joint venture, Trans Polymers Limited, is finalizing plans to build  a polyethylene (PE) plant at cost of 520 million euro ($701 million) near Port Qasim in Karachi, Pakistan, which will have an annual capacity of 350 kilo tons.

 

The production of PE and polypropylene (PP) will go some way to satisfy the growing demand for plastics in Pakistan. The promoters also have an offtake agreement in place with Ravago of Belgium to import a portion of the production. Currently, there is no PE plant in the country which means that Pakistan imports all its PE and PP requirements. In this respect the proposed project once it gets off the ground will also save valuable hard currency for the country and provide employment opportunities across the supply chain.

 

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