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Methanol-making gas chemical facility worth $140 mln to be built in Kazakhstan
ASTANA. Dec 6 (Interfax) – A gas chemical enterprise to produce methanol is expected to be built in the West Kazakhstan region as part of a $140-million project, the press service for the Kazakh Industry and Infrastructure Development Ministry said on Tuesday.
Kazakh Industry and Infrastructure Development Minister Kairbek Uskenbayev met with representatives of CITIC Construction Co. Ltd. and China Huanqiu Contracting & Engineering (Shanghai) Co., Ltd, the press service said.
"The Kazakh company Zhaik Petroleum LTD signed an EPC contract with the Chinese side during the meeting. This contract envisages the construction of a methanol-making gas chemical enterprise with a production capacity of 130,000 tonnes in the West Kazakhstan region," it said.
Some 500 jobs will be created during construction and assembly work, and 220 permanent jobs will be created after the facility is put into operation. The overall cost of the project stands at $140 million.
The new gas chemical enterprise is expected to begin operating in late 2024. It will be followed by the project’s second stage, estimated at $200 million, to launch the production of ammonia and carbamide.
