INEOS licenses technology for new Turkmenistan petrochemical plant
INEOS has licensed its Innovene S process to Hyundai Engineering for the Turkmengas new greenfield world-scale petrochemical complex in the Balkan region of Turkmenistan, officials confirmed on Tuesday.
The contract for construction of the gas-chemical complex in Turkmenistan, including polyethylene, will be built by a consortium consisting of LG International Corp., TOYO Engineering Corp. and Hyundai Engineering. This is the first Innovene S license awarded to INEOS Technologies in Central Asia.
The complex, which will be operated by Turkmengas, will include a 386,000 tpy line of high-density polyethylene (HDPE) using Innovene S technology alongside a 50,000 tpy black compounding line.
"INEOS is very pleased to support the development of the petrochemical industry in Turkmenistan with Turkmengas and Hyundai Engineering and look forward to working with both companies to ensure the successful start-up of this world-scale petrochemical complex on the Caspian Sea," said Peter Williams, CEO of INEOS Technologies.
The Turkmengas plant will serve their customers with a broad product range, including Bimodal PE 100 Pressure Pipe, ensuring a competitive advantage for their customers both in domestic and global markets.
The companies have now begun the engineering phase of the project.
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