+44 207 394 30 90 (London)

Uzbekistan intends to invest in chemical industry $3,093bn before 2022

Main » News Feed » Uzbekistan intends to invest in chemical industry…

The President of Uzbekistan has ordered to approve the programme for chemical industry development for 2017-2021. The programme stipulates for investment as of $3,093bn.

The programme framework features 43 projects for the construction of new facilities and modernisation and reconstruction of the existing capacities. The investment programme is expected to be funded by enterprises totalling $321,4m, Development and Reconstruction Fund of Uzbekistan as of $750,5m, foreign investment as of $1901,3, and commercial bank loans – $120,4m.

Seven fertilizer facilities will be built in the next 5 years, including ammonia and urea facility at Navoiazot $985,7 m worth and ammonia facility at Ammofos Maksam $300m worth. The nitrogen fertilizer output is expected to grow by 46%, phosphorous – by 97%, and potassium – twice, as a result of the projects.

Moreover the programme suggests the investment of $1,08bn in organic and non-organic chemicals. It is projected to build 17 new facilities. The largest project is the construction of PVC, caustic soda and methanol on the premises of Navoiazot totalling $500m.

As projected, by 2022, the chemical production will grow 2,4-fold, with exports equalling to $467,4m, thus exceeding present-day performance 2,7-fold.

Chemical industry is among Uzbekistan’s fundamental economy branches.


SOCAR Carbamide: Urea production can reach 650,000 tons in 2020

SOCAR Carbamide Plant is expected to operate at full capacity in the first half of December 2019, the plant’s Director Khayal Jafarov told reporters on the sidelines of an international conference on the role of the Paris Agreement in climate and environmental change in Baku Nov. 27,Trendreports. The director noted that the volume of urea…

EuroChem and Maire Tecnimont sign memorandum of intent for potential new urea and ammonia plant

EuroChem Group has signed an early works contract for a potential new urea and ammonia production facility, subject to further investment plan approval, at Kingisepp, northwest Russia, with Maire Tecnimont. Under the terms of the agreement, Maire Tecnimont will carry out preliminary engineering and site surveying work at the brownfield site adjacent to EuroChem’s existing…

Fertz major EuroChem nears decision on new ammonia, urea, and methanol plants

KINGISEPP (ICIS)–EuroChem is nearing a final decision on ambitious plans for new ammonia, urea, and methanol plants in northwest Russia to serve international markets, two executives from the Switzerland-headquartered fertilizer group disclosed on Tuesday. The green light for a 1m tonne/year ammonia facility; 1.1m-1.5m tonne/year granular urea plant; and a 1.8m tonne/year methanol manufacturing unit…