KazMunayGas begins construction on $7.4-B polyethylene complex in Kazakhstan
KazMunayGas has begun construction on a $7.4-B, 1.25-MMtpy polyethylene plant in the Atyrau region of Kazakhstan. The project will be implemented in accordance with the order of Kassym-Jomart Tokayev, the Head of State, to establish an oil and gas chemical industry cluster in the country’s western region and will to become the largest project in the manufacturing sector of Kazakhstan.
Construction is expected to be completed by 2029. Commissioning of the plant will help to substitute imported polyethylene with domestic products and boost the high-value-added goods export.
Therefore, implementation of the project is expected to contribute to GDP growth by 1.2% and generate approximately 8,000 jobs during the construction phase and 800 jobs after production commencement. The project is expected to have a multiplier effect on the national economy by fostering the growth of the associated industries and new end products domestically manufactured.
Polythene, recognised as the world’s most prevalent plastic, finds its use virtually across every sector of the economy.
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