Sinopec joins polyethylene project in Kazakhstan
Kazakhstan
ASTANA, October 17, 2023 – Sinopec has signed an agreement with state-owned KazMunayGas for a 30% stake in a planned polyethylene facility in Kazakhstan, the Chinese energy giant announced on Tuesday.
The USD 7.7- billion project will be located in Kazakhstan’s western Atyrau region and will have a capacity to produce 1.25 million tonnes.
Construction is expected to begin in H2 2024.
Sinopec also signed a pre-feasibility joint development agreement with KazMunayGas to assess building phthalic acid and polyethylene terephthalate facilities.
The agreements were made following Kazakhstan’s President Kassym-Jomart Tokayevwas trip to Beijing to take part in the Belt and Road Forum.
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