Kazakhstan to produce polyethylene for mass consumption - "Samruk-Kazyna"

09 August 2016, 01:23
Atyrau Region

Chairman of the Board of "Samruk-Kazyna" Umirzak Shukeyev familiarized with the course of realization of investment projects on the territory of the special economic zone "National Industrial Petrochemical Technopark" in Atyrau region, in particular, with the plant LLP «Polymer Production».

The project involves the production of the following types of polymer products: 14,738 tons/year BOPP films, 4125 tons/year of polyethylene film and 48 million units/year of polypropylene bags. This BOPP film, which is produced in Kazakhstan for the first time, is replacing other packaging materials. The film used in agriculture, construction, food industry, retail trade. The project cost is about $ 90 million.

Given the scale and capital intensity of the above industries, it is expected to attract debt financing. The presence of infrastructural maintenance is a basic requirement on the part of foreign creditors and investors.

In order to create industrial infrastructure it is planned to build the following facilities: gas turbine power plant with capacity of 310 MW; complex for the production of technical gases; a set of water treatment.

Whereas as part of a plant-wide infrastructure it involves the construction of facilities such as checkpoint module area of ​​customs inspection, solid waste landfill, a fire station, repair and construction shop, warehouse storage area, onsite water networks, gas, electricity , heating.

Centralized construction and operation of infrastructure will optimize capital expenditures, provide the possibility of a modular construction, will raise the profitability of petrochemical projects.

Head of Fund also discussed the prospects for further development of projects for the production of polyethylene, butadiene and synthetic rubbers. All projects are implemented by LLP "United Chemical Company". According to the company, this work in the region will create more than 9 thousand jobs during the construction phase and about 2 thousand during the operation of the facilities.