Turkmenistan could turn into a major exporter of chemical products, state Neutral Turkmenistan newspaper reported.
The newspaper writes that when completed, a new chemical complex, now being built in Kiyanly village, Balkan province of Turkmenistan, on the Caspian Sea coast, will accelerate that.
The plant will refine 5bn m3/yr of natural gas to produce 386,000 mt/yr of polyethylene and 81,000mt/yr of polypropylene. The project is implemented jointly with the consortium of Japanese Toyo and South Korean LG and Hyundai.
Total cost of construction is $3.4bn. The plant will be put into operation at the end of 2018.