Central Asia petrochemical industry is expected to boom starting from 2014 onwards. Already the continent boasts a few mega refinery-petrochemical integrated projects announced and more are expected to come. The countries in Central Asia have mostly fully recovered from the post-war and Russia influence from the late Soviet Union.
Having domestic access to its abundant natural resources, central Asia is seen to be the new bridge between the geographical Europe (which includes Russia) and most of Asia.
Kazakhstan for example is on fast track to build its standalone ethane cracker project, capable to deliver 800 ktpa of ethylene and 500 ktpa propylene by 2015. This ambitious fast track project is soon to be followed additional downstream capacities with additional 1mil tonne of ethylene all the way to 2017.
Azerbaijan is planning a US17billion petrochemical complex producing 1.7 mil tons of petchem products near Baku. The influx of oil and gas projects in Azerbaijan has pushed the country’s State Committee to produce its own oil and gas standards, albeit with references to already available international standards.
South Korean companies are also investing in Central Asia with the presence of joint venture in Uzbekistan for petrochemical complex fom gas derivatives, producing 400 ktpa of polyethylene and 100 ktpa of polypropylene by 2016. Another PVC plants are also in the pipeline targeted for on-stream in 2017.
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