China To Build Methanol Plant In Kazakhstan
Date
12/15/2022 1:05:36 AM
(MENAFN- Trend News Agency) BAKU, Azerbaijan, December 15. An agreement on
the construction of a gas chemical plant in West-Kazakhstan region
was reached during the meeting between the Minister of industry and
Infrastructural Development of Kazakhstan Kairbek Uskenbayev with
the representatives of CITIC Construction and China Huanqiu
Contracting & Engineering, trend reports, citing Central Communications Service
of the President.
The total cost of the project is $140 million.
In the framework of the meeting, Kazakhstan's Zhaik Petroleum
LTD signed an Engineering, Procurement and Construction (EPC)
contract with its Chinese counterparts.
The plant will have an output of 130,000 tons of methanol per
year.
Some 500 workplaces will be created during the construction
phase, and 220 permanent workplaces will be opened upon the
completion of the project.
The facility is expected to be launched in late 2024. Upon
completion, it is planned to implement the second stage of the
project for the production of ammonia and carbamide, the cost of
which will be $200 million.
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