Troubled polyolefins giant LyondellBasell Industries AF SCA, some of whose operations filed for Chapter 11 bankruptcy protection in 2009, said it still is fully committed to a major petrochemicals project in Kazakhstan.
The Rotterdam-based company reaffirmed its ongoing support and participation in the joint venture with partners, including Kazakhstan Petrochemical Industries Ltd., to build the integrated complex with three polymer plants in Karabatan in western Kazakhstan.
The $6.3 billion facility, due to open in 2014, will include a world-scale ethane cracker, a propane dehydrogenation unit, a polypropylene plant and two polyethylene production facilities using LyondellBasell's latest proc- ess technologies.
The PP unit will have a 1.1 billion-pound annual capacity. The other two plants, each at 882 million pounds per year, will manufacture, respectively, high and linear low density PE, and LDPE.
Astana, Kazakhstan-based KPI, which is developing the complex through its JSC KazMunaiGas Exploration Production subsidiary, has completed a feasibility study on the project. It plans to invite bids for the integrated complex, gas separation unit and connecting pipelines, according to LyondellBasell, which has a minority stake in KPI.
The project, part of Kazakh- stan's plan to build up to 10 world-standard petrochemical complexes in the next decade, will help supply the growing polyolefins demand in Russia and central Asia.