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Shurtan Gas Chemical Complex invests in expansion of PE and PP production capacities

June 18/2021

MOSCOW (MRC) - Shurtan Mining and Chemical Complex is investing USD1.8 billion in expanding its PE and PP production capacities, the company said in a statement.

It is noted that for the implementation of the project, Gazprombank will provide a loan in the amount of USD300 million. In addition, to raise funds, work is currently underway with the State Development Bank of China, the Sinoshur Export Credit Agency and European financial institutions.

The project provides for the creation of a production facility for up to 430 thousand tons of polyethylene and up to 280 thousand tons of polypropylene per year. Chevron Pilliphs Chemical and McDermott have been selected as licensors of the project.

The Shurtan gas chemical complex was put into operation in 2001 on the basis of the Shurtan gas condensate fields (GCF). The enterprise processes up to 3.9 bcm of feed gas per year. The complex is designed for the production of 150 grades of high, medium and low density linear polyethylene.

In 2017, the government of Uzbekistan planned to expand the production capacities of the Shurtan Gas Chemical Complex (ShGKhK, Uzbekneftegaz) in the Guzar district of the Kashkadarya region in order to increase the production of export and import-substituting raw materials by deepening the processing of naphtha raw materials at the Uzbekneftegaz GTL plant.

The American company Chevron Pilliphs Chemical (polyethylene production) and McDermott (polypropylene production and naphtha cracking unit) have been selected as licensors of the project. To implement the project, a contract was signed with Singapore-based ENTER Engineering for detailed design, purchase and construction of equipment.

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 744,130 tonnes in the first four month of 2021, up by 4% year on year. Shipments of all PE grades increased. At the same time, PP deliveries to the Russian market were 523,900 tonnes in January-April 2021, up by 55% year on year. Supply of homopolymer PP and PP block copolymers increased, whereas shipments of PP random copolymers decreased.

NHK "Uzbekneftegaz" is a vertically integrated three-level holding company. The company includes six joint stock companies. It is engaged in the development of oil and gas fields, the extraction of oil, gas and gas condensate, the processing of natural gas, etc.

The main products of Shurtan Gas Chemical Complex are low-density polyethylene (HDPE), linear low-density polyethylene (LLDPE), liquefied gas, sulfur, gas condensate. The production capacity of Shurtan Gas Chemical Complex is 140 thousand tons of ethylene per year, 125 thousand tons of HDPE and linear low-density polyethylene (LLDPE) per year.


mrcplast.com
Author:Anna Larionova
Tags:petroleum products, PP, PE, petrochemistry, Shurtans Gas-Chemical Plant.
Category:General News
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