ASHGABAT (TCA) — President Gurbanguly Berdymuhamedov on October 17 attended the opening ceremony of the Kiyanly Gas Chemical Complex for production of polyethylene and polypropylene. He pressed the button that launched the production process at the facility, the State News Agency of Turkmenistan reported.
This major investment project worth over 3.4 billion US dollars was implemented by Turkmengas State Concern together with foreign partners, Korea’s LG International Corp and Hyundai Engineering, and Japan’s TOYO Engineering Corporation. The trilateral contract was signed during the official visit by President Berdymuhamedov to Japan in 2013.
The production capacity of the new complex was designed to process 5 billion cubic meters of natural gas per year, thus allowing for the production of 381 thousand tons of high-density polyethylene, 81 thousand tons of polypropylene and other valuable products, as well as for the obtaining of up to 4.5 billion cubic meters of marketable gas that will be distributed to gas pipeline systems and used as a fuel.
The plant was provided with the modern equipment purchased in Japan, the Republic of Korea, the USA, the UK, Belgium, Germany, and Denmark. It has four main technological facilities: for gas separation, for ethane processing and for polyethylene and polypropylene production. All technological processes are automated and function under centralized control.
The plant will launch the production of high-density polyethylene, a new product for Turkmenistan.
The project for the construction of the Kiyanly Gas Chemical Complex received the TXF Award (UK) as one of the best ECA-backed projects in Europe and Eurasia in 2014.
The total value of loan agreements signed by the State Bank for Foreign Economic Affairs of Turkmenistan with the Japan Bank for International Cooperation, the Export-Import Bank of Korea and the syndicate of participating financial institutions of Japan, Germany, France, Korea, China, Italy, Austria and Switzerland to finance the project exceeds 2.5 billion US dollars.