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Air Liquide signs new long term contract in Kazakhstan

October 18/2019

MOSCOW (MRC) -- Air Liquide signs new long term contract  with Kazakhstan Petrochemical Industries (KPI) to build, own and operate a new nitrogen unit in the growing chemical basin of Karabatan, close to the Atyrau refinery, said the company.

Air Liquide Munay Tech Gases will invest 15 million euros in a new unit to supply up to 8,000 Nm3/h nitrogen to the new 500,000 ton per year polypropylene plant under construction by KPI in the first Integrated Gas-Chemical Complex Construction Project in Atyrau region, aiming at becoming a world-class petrochemical basin.

Air Liquide Munay Tech Gases, a company jointly owned by Air Liquide (75%) and KazMunayGaz, the Kazakhstan national oil & gas company (25%), has been successfully supplying for over one year hydrogen to the Pavlodar Oil and Chemistry Refinery, an affiliate of KazMunayGaz.

This new project, planned to be operational by the second quarter of 2021, marks the second milestone in the development of the Group in Kazakhstan.

"We are delighted to participate in this project and to be part of what is an important development for this new promising chemical basin. Air Liquide will bring its technological know-how and expertise to contribute to the modernization of the industry in the country. This important milestone also illustrates the strengthening of our joint-venture with KazMunayGaz and the continuing growth of our activities in Kazakhstan," Francois Jackow, Executive Vice-President and a member of the Executive Committee supervising industrial activities in Europe said.

As MRC informed earlier, Air Liquide in 2018 signed a new long-term agreement with LyondellBasell, one of the worlds largest plastics, chemicals and refining companies, to supply oxygen to LyondellBasells new large-scale petrochemical plant which will be constructed in Channelview, Texas. LyondellBasells new propylene oxide/tertiary butyl alcohol plant (PO/TBA), is expected to be the largest of its kind plant in the world when completed.

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,436,390 tonnes in the first eight months of 2019, up by 9% year on year. Shipments of all PE grades increased. At the same time, the PP consumption in the Russian market was 909,260 tonnes in January-August 2019, up by 10% year on year. Shipments of PP block copolymer and homopolymer PP increased.
Author:Anna Larionova
Tags:PP, PE, Air Products, Kazakhstan.
Category:General News
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