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Source: HydrocarbonProcessing
This agreement was signed during President Kassym-Jomart Tokayev’s official visit to Uzbekistan, formalizing both companies’ commitment to exploring and designing the project.
The agreement facilitates the initiation of the design phase along with the necessary technical and economic evaluations. The proposed complex is set to achieve a production capacity of up to 50,000 tons per year of LAB. A final investment decision will be made once the design work is finalized.
If successfully implemented, this project is anticipated to satisfy domestic LAB needs in both Kazakhstan and Uzbekistan, decrease dependence on imported raw materials, and bolster the growth of the regional chemical and household goods sectors. This partnership follows a previous agreement between the two companies regarding the Zharkyn geological exploration initiative.
For the first time, the Downstream Central Asia and Caspian Summit will be co-located with the inaugural Go Net Zero Energy Summit on 8 September at the same venue, bringing together downstream stakeholders from across the Caspian and Central Asia regions under one roof. This unique convergence creates a full week of strategic dialogue and delivers unparalleled opportunities for cross-sector collaboration, knowledge sharing, and the formation of strategic partnerships across the entire energy value chain.
Uzbekistan has announced an extension of zero customs duties on the import of 82 types of industrial raw materials and semi-finished products. According to a report from the Ministry of Justice via its Telegram channel, referencing a presidential decree signed.
The world’s largest chemical manufacturer is set to inaugurate its new facility in China by the end of March, generating a blend of optimism and skepticism about growth prospects.