BAKU, Azerbaijan, Mar. 16
By Nargiz Sadikhova - Trend:
Kazakhstan is currently holding negotiations with Chevron Phillips Chemical on participation in the world-scale polyethylene project, Minister of Energy Nurlan Nogayev said, Trend reports citing the press office of the government.
Talking about the current stage of the project implementation Nogayev said that currently the work underway to find a strategic partner.
The main criteria (availability of licensed technology, guaranteeing sales markets, and the possibility of organizing financing) required for the investor have been determined, on the basis of which groups of petrochemical companies have been defined.
Currently, negotiations have begun with Chevron Phillips Chemical, which offered its MarTECH licensed technology and assistance in supporting an off-take contract.
Details of cooperation, including participation in the project, will be discussed in the near future.
“Since the key condition for successfully attracting a strategic partner in the provision of the project with raw materials, the issue of construction of a gas separation plant with a capacity of 9.7 billion cubic meters is being considered in cooperation with Tengizchevroil. The constructed infrastructure will allow extracting ethane from dry gas,” Nogayev said.
He added that currently, Japan Gasoline Co. Holdings Corporation is working on the development of design estimates of the plant. The completion of the designs is planned before the end of this year.
A world-scale polyethylene project oversees the development of polyethylene manufacturing integrated with an ethane cracker, in Kazakhstan.
A polyethylene plant of this scale is to be a significant step forward in creating long-term, sustainable value for Kazakhstan from its petrochemical industry.
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