Japan shows interest in Turkmen project to develop resources of Caspian Garabogazgol Gulf
ASHGABAT, Turkmenistan, Oct. 22
By Huseyn Hasanov – Trend:
Major Japanese companies have showed interested in new projects in the Turkmen chemical industry, Trend reports referring to the Turkmen Orient news agency.
Prospects for the development of the industry were presented at the business forum in Tokyo by Chairman of the Turkmenhimiya State Concern Niyazly Niyazlyev.
According to Japanese experts, the industrial development of the resources of the Caspian Garabogazgol Gulf and the creation of high-tech facilities on its basis may become a separate area of long-term partnership, the report said.
It was noted that the proximity of the seaport and the integration of communication lines with international corridors create the most favorable transport and logistics conditions for the access of finished mineral products to the vast markets of the region and the continent.
Turkmenistan holds one of the leading places in the world in terms of hydromineral raw materials, from which various types of mineral salts, iodine and iodine products are produced in the country. Garabogazgol Gulf is the biggest deposit of sodium sulfate and other minerals on the planet. Crystallization of various salts is taking place there on an industrial scale.
Examples of successful cooperation with Japan were provided at the forum - companies from this country built ammonia and urea plants in Mary and Garabogaz cities and a sulfuric acid production workshop at the Turkmenabat Chemical Plant. The construction and equipment of these facilities was carried out with the participation of Kawasaki, Sojitz, Mitsui companies.
A significant part of the work on these projects was financed by the Japan Bank for International Cooperation (JBIC) with insurance from Japan’s Nippon Export and Investment Insurance (NEXI) export credit agency.
The Turkmenhimiya State Concern is developing a project to build another concentrated phosphorus fertilizer plant at the Turkmenabat Chemical Plant, with Sojitz company, and a project to build a new ammonia and urea plant with Mitsubishi company.