Belarus invests £11bn in petrochemical industry
By Eugene Gerden
Posted 24 August 2012
The government of Belarus has announced plans to develop a national petrochemical industry, with the planned investment totalling £11bn.
Some $£4.5bn will come from companies which have agreed to participate in the programme, while £1.7bn will come from loans.
As part of the plans, the country will build 40 manufacturing complexes, including a new plant for ammonia, methanol, hydrogen and carbamide production at JSC Grodno Azot. It will also modernise olefin production at a Polymir plant and build a polyester complex at JSC olymir plant, the construction of a new polyester complex at the JSC Mogilevkhimvolokno.
The first production plant for composite materials will open in Polotsk.
Belarus hopes to increase production of polymer films by threefold, while tire production will go up by 1.4 times. Other planned increases include production of potassium chloride of 12m tons per year, and nitrogen fertilisers of 1.16m tonnes per year.
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