Chinese firm to construct Uzbek PVC complex for Navoiyazot

Richard Higgs
EUROPEAN PLASTICS NEWS

Published: October 4, 2013 2:19 pm ET
Updated: October 4, 2013 2:23 pm ET

Related to this story

Topics PVC, Materials Suppliers

BEIJING — The China National Chemical Engineering Group Corp. (CNCEC) has won the contract to construct a new 350 million euro ($476 million) PVC complex at the site of the Uzbekistan chemical company Navoiyazot.

Beijing-based CNCEC is reported to be due to sign the deal with Navoiyazot, part of the Uzbek state-owned industrial conglomerate Uzkimyosanoat, in October or November this year.

Navoiyazot, one of the Central Asian country's biggest chemical enterprises, has planned to establish a PVC operation at its site in Navoi City, 248 miles from the Uzbek capital Tashkent, since 2010. But the project has been delayed several times, in part because it was awaiting a formal government green light.

The production complex was initially due to be completed by 2012 with a PVC capacity of 110 million pounds per year and caustic soda capacity of 71 million pounds per year. But now, according to regional reports, it has been doubled in size to reach 220 million pounds per year of PVC output and caustic soda production of 141 million pounds per year, and will produce up to 661 million pounds per year of methanol.

Financing of the project will include a loan from Uzbekistan's Fund for Reconstruction and Development, and from international financial institutions including Exim Bank of China as well as Navoiyazot's own resources. Completion of the complex is now being scheduled for 2016, the reports state.

The fertilizers and chemical company also produces methylacrylate and polymethylacrylate, and operates two packaging converting lines producing up to 20 million polypropylene sacks a year for its own use.


Comments

Chinese firm to construct Uzbek PVC complex for Navoiyazot

Richard Higgs
EUROPEAN PLASTICS NEWS

Published: October 4, 2013 2:19 pm ET
Updated: October 4, 2013 2:23 pm ET

Post Your Comments


Back to story


More stories

Image

Ferro sells another piece of its plastics business

December 19, 2014 3:33 pm ET

Ferro Corp. has sold its North American polymer additives business to a private equity firm for $154 million in cash.    More

Image

Antimicrobial polymers firm TiFiber launching pilot production in Ark.

December 19, 2014 10:58 am ET

TiFiber Inc., which makes synthetic compounds to control dangerous microorganisms, will locate a pilot production facility and its future company...    More

Image

Patel named LyondellBasell CEO

December 19, 2014 9:56 am ET

Bhavesh V. “Bob” Patel has been named CEO of Houston-based polyolefins producer LyondellBasell Industries NV, effective Jan. 12.    More

Image

Momentive to get a new name in January

December 19, 2014 9:45 am ET

Momentive Specialty Chemicals Inc. will change its name to Hexion Inc., effective Jan. 15.    More

Image

Thailand's SCG Chemicals buying Norwegian chemical firm Norner

December 19, 2014 9:11 am ET

Thailand's SCG Chemicals Co. Ltd. has announced it has acquired 51 percent of the shares in the independent petrochemical company Norner Holding AS fr...    More

Market Reports

Flexible Packaging Trends in North America

Our latest RESEARCH report examines trends in FLEXIBLE PACKAGING impacting the North American market including a review of economic conditions, key drivers of growth, materials pricing, M&A activity, sustainability challenges and the outlook for 2015.

Learn more

Plastics in Brazil - State of the Industry Report

This in-depth report examines the Brazilian plastics industry from a historical and geographical context. Our analysts provide insight on economic trends and forecasts, growing manufacturing sectors that utilize plastics, private investment opportunities, market environment challenges, and innovations in R&D.

Data tables and charts on producer prices, trade, plastics production and end market indicators is also included.

Learn more

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Upcoming Plastics News Events

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events