Turkmenistan: A huge natural gas refiniry

Turkmenistan: A huge natural gas refiniry

Editorial Staff
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The new structure will be located in the Balkan region and will produice 81,000 tons of polypropylene, 36,000 tons of polyethylene,, and 49,000 tons of pyrolysis

Turkmenistan powers its own production network of raw materials, and by the end of the year, in fact, in the Balkan region, an important production and refining plant for natural gas will be active, built also with the aid of a Japanese consortium and 16 other foreign companies. The plant will service gas in the entirety of its production cycle, making several tons of polymers. Among the companies involved in the project - worth $2.4 billion - are: Toyo, based in Japan, LG and Hyundai. The project will be financed by Japanese Bank for International Cooperation, Export-Import Bank of Korea, and financial institutions from Jpana, Italy, Germany, France, Korea, China, Austria and Switzerland. Once active, the refinery will produce annually, 81,000 tons of polypropylene, 386,000 tons of polyethylene, as well as, 49,000 tons of pyrolysis. The project is among the most relevant for the country and could give Turkmenistan in a key role in the chemical products market, also considering the fact that Turkmenistan is already number 4 globally in gas reserves and is considered among the main suppliers for Europe.