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LG Chem, Kazakhstan Petrochemical Industries reconfirm plans of a joint petrochemical complex in Atyrau

27-Mar-12

Kazakhstan is a state rich in gas, oil and other natural resources. LG Chem and state firm Kazakhstan Petrochemical Industries plan to move ahead with a petrochemical complex in Atyrau, at a total investment outlay ofUS$4.2 bln. The project, to comprise an 800,000 ton ethylene unit and a 800,000 ton unit for polyethylene, will be the biggest project since Kazakhstan announced its independence in 1991.

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