Chinese corporation is ready to invest US$4 billion in Aktobe region
The Chinese polyethylene and polypropylene production corporation located in the Aktobe region is ready to invest US$4 billion. The parties have already signed the necessary documents. It is planned to export the products mainly to China and other neighboring countries. The project implementation will take at least 2 years. The plant will produce 60,000 tonnes of ready-to-go products. According to investor Zhou Kai, his corporation uses technologies that avoid environmental pollution and meet international requirements.
ZHOU KAI, HEAD OF CHINESE COMPANY:
- Our company takes a leading place in the chemical industry of China. We are going to produce polyethylene and polypropylene by using the natural gas of the Aktobe region as well as our advanced technologies. Today we had a very fruitful meeting. These are high great demand materials in China. There will be two stages of the project.
In addition to this, the governor of the Aktobe region held talks with the chairman of the Chinese company during his visit to China. This Chinese company plans to produce potash fertilizers in Kazakhstan. Currently, the plant is undertaking exploration and well-boring. Next year in March the new technology will be tested.
JUN-MEI ZHANG, CHAIRMAN, KAZAKHSTAN POTASH CORPORATION:
- Today our meeting with Mr. Saparbayev was successful. We openly discussed everything. We would like to implement projects so both countries can benefit from.
The potassium salt reserves of Kazakhstan are estimated at approximately 6 billion tonnes. Most of the mineral resource is found in the western part of Kazakhstan.