The Kazakhstani government, along with its Chinese partners, is intending to build a gas chemical complex for the production of methanol in the country, according to the Ministry of Industry and Infrastructure Development of Kazakhstan's website. The decision was made following a meeting between the head of the department, Kairbek Uskenbaev, and representatives of CITIC Construction and China Huanqiu Contracting & Engineering. - Rupec

During the meeting, the Kazakh company, Zhaik Petroleum, signed an EPC contract with the Chinese side. The contract stipulates the construction of a gas chemical complex for the production of methanol with a capacity of 130,000 tons in the West Kazakhstan oblast.

was stated in a press-release

According to the department, it is planned to create about 500 jobs during the construction and installation phase, as well as 220 permanent jobs after the launch of the complex. The total cost of the project is $140 million.

The gas chemical complex is expected to be launched at the end of 2024. After launch, the ammonia and urea production phase of the project will begin, the cost of which will be $200 million.

The Kazakhstani side is ready to provide the necessary support for the successful realisation of the project.

the minster added