Construction of a $10 billion gas chemical complex to begin in Uzbekistan
Large-scale investment projects in the chemical industry are planned in Uzbekistan’s Khorezm Region, which are expected to turn the sector into one of the key drivers of the region’s economic growth. This was reported by the press secretary of the President of Uzbekistan at a meeting in the Urgench district. This year, the first stage of construction of a $10 billion gas chemical complex, which will use MTO (methanol-to-olefins) technology, will start in the Tuprakkala district. After completion
Large-scale investment projects in the chemical industry are planned in Uzbekistan’s Khorezm Region, which are expected to turn the sector into one of the key drivers of the region’s economic growth. This was reported by the press secretary of the President of Uzbekistan at a meeting in the Urgench district.
This year, in the Tuprakkala district, the first stage of construction of a gas chemical complex worth $10 billion, which will use MTO (methanol-to-olefins) technology, will start. After the project is completed, the complex will produce 14 types of basic polymer products with high added value annually, with a total capacity of up to 2 million tonnes.
The project was first announced back in March last year during the Head of State’s visit to the region. At that time, Shavkat Mirziyoyev held a working meeting attended by the leadership of the Ministry of Energy, Uzkimyosanoat and a large foreign investment company whose name was not disclosed.
It was expected that the future production capacity would be able to produce up to 2.5 million tonnes of products per year and create about 3,000 jobs. The project is scheduled to be implemented in 2024–2028.
In addition, a chemical technology park covering 10 hectares will be created in the Khazarasp district, where projects worth $100 million for the production of polymer products will be implemented.
Special attention was paid to the construction industry of the region. Last year, 663 enterprises in Khorezm produced building materials worth about $86.6 million. For the further development of this segment, 40 new projects with a total value of $100 million are planned for 2025, which will increase production volume to about $118.1 million.