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    Home > Chemicals Industry > Petrochemical News > The output of Kazakhstan's oil and gas chemical products will reach 2 million tons in 2025!

    The output of Kazakhstan's oil and gas chemical products will reach 2 million tons in 2025!

    • Last Update: 2021-07-21
    • Source: Internet
    • Author: User
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      Kazakhstan Deputy Prime Minister Sklyar said in response to questions from members of Congress that at present, Kazakhstan has 5 oil and gas chemical plants with a total designed production capacity of 870,000 tons
    .
    From 2016 to 2020, the output of Kazakhstan's oil and gas chemical products will triple, reaching an annual output of 360,000 tons, of which 80% will be exported

    .
    In 2021, three new large-scale oil and gas chemical plants are about to be completed and put into operation, including a polypropylene project with an annual output of 500,000 tons, an industrial gas production project, and a gasoline octane enhancement additive project with an annual output of 57,000 tons

    .
    By 2025, two large-scale oil and gas chemical plants will be built, including a polyethylene terephthalate project with an annual output of 430,000 tons and a methanol project with an annual output of 130,000 tons

    .
    By then, the annual output of Kazakhstan's oil and gas chemical products will reach 2 million tons, 5.
    5 times the output in 2020

    .

      Si pointed out that all planned oil and gas chemical projects require the signing of product pre-purchase contracts, which is one of the important criteria for the Kazakh government to select investors
    .
    IHS, McKinsey (McKinsey), Boston (BCG) and other internationally renowned consulting institutions all believe that the international market has strong demand for Kazakhstan's oil and gas chemical products

    .
    Experts predict that by 2030, the global annual demand for polypropylene will reach 100 million tons, while the supply will only reach 90 million tons by then

    .
    The global demand for polyethylene continues to grow at an average annual rate of 4%, and will reach 160 million tons by 2030

    .
    The fastest growing regions in the world are mainly concentrated in East Asia such as China, South Korea and Japan

    .
    By 2037, China's demand for polypropylene and polyethylene will increase by 40 million tons

    .

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