Basell plans to acquire 35% stake in Kazakhstan Petrochemical Industries (KPI) from the holding company Sat & Co. After this acquisition, Sat & Co will continue to be the largest shareholder with 50% and state-owned utilities company KazMunayGaz will hold the other 15%.
KPI plans to build a new petrochemical complex in Atyrau on the Caspian Sea at an investment of US$ 4 bln, comprising of a 400,000 tpa LDPE plant, a 400,000 tpa HD/LLDPE plant and a 400,000 tpa PP plant, all based on Basell technology. Construction is scheduled to begin in Q3 2007.
05-Oct-06 
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