GENERAL DIRECTOR OF KAZAZOT CONFIRMS HIS PARTICIPATION
The newly appointed General Director of Gas Processing Plant Kazazot – Arman Mauleshev has confirmed his participation at the 5th edition of the Downstream Caspian and Central Asia Conference. Mr Mauleshev will take part in a panel discussion which will focus on the best means of advancing gas refining in the region and what sort of technologies can meet the region-specific needs. The panellists will be discussing this issue in terms of logistic barriers as well as potential of export sales.
KazAzot is the only manufacturer of ammonia and ammonium nitrate in Kazakhstan. The company was founded on 16 November 2005 as the successor to a chemical metallurgical combine. The KazAzot plant covers an area of 152.36 hectares and is located nine kilometres north of the city centre of Aktau. The company’s product range includes the production of ammonia, weak nitric acid and ammonium nitrate. The manufactured products are exported, inter alia, to India, Poland, Russia and Ukraine.
According to the recent news, JSC KazAzot and Chinese Inner Mongolia Berun Holding Group Co. Ltd plan to implement a joint project for the construction of a gas chemical complex worth more than 1 trillion tenge. It is planned to create a joint venture in Mangistau region. Within the JV, several plants will produce methanol, nitrogen fertilizers and olefins.
Investments in the project are estimated at $ 348 million, that is more than 1 trillion tenge. At the facilities of the new complex, under the first stage, it is planned to launch production of methanol and nitrogen fertilizers by 400 and 600 thousand tons per year, respectively. Also, a 300 MW power plant will be built.
This is a long-term project, which requires a full modernization and renovation of the entire complex, which will then enable to increase production volumes, and to produce new types of products.
The total capacity of the complex after the launch of all the lines will be 1 million tons of methanol per year, 1.2 million tons of nitrogen fertilizers and up to 600,000 tons of olefins using MTO technology.
Please visit the conference agenda page to see what other topical region-specific issues will be covered this year.