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Turkmenistan intensifies development of Caspian Sea shelf

Turkmenistan intensifies development of Caspian Sea shelf Energy

Turkmenistan intensifies development of Caspian Sea shelf

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Turkmenistan can become a mighty industrial power and a major exporter of chemical products, the 'Neutral Turkmenistan' newspaper reported.

The implementation of the project for constructing a gas chemical complex in Kiyanly village of Turkmenistan's Balkan province can pave way for this, according to the report.

The gas chemical complex is expected to process 5 billion cubic meters of natural gas for producing 386,000 tons of polyethylene and 81,000 tons of polypropylene per year. The project is being implemented jointly with Japan's TOYO consortium, LG and the Hyundai (South Korea).

The total cost of construction is $3.4 billion.

The technologies of the world's leading companies in chemistry and gas processing, such as Japan's TOYO, the UK INEOS, the US LUMMUS and GRACE are used in the project's implementation.

The largest enterprise of the country's gas chemical industry will be commissioned in late 2018.

The contractors plan to complete the major part of the construction work (up to 80 percent of the total volume) in 2016.

Around 1,000 jobs will be created here after completing the construction of the gas chemical complex.

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