CHN Energy is ready to inject $4 billion tenge in ammonia and carbamide production projects
Chinese company CHN Energy is ready to invest $4 billion in Kazakhstan’s ammonia and carbamide production projects, Kazinform News Agency quotes Yerssaiyn NAGASPAYEV, Minister of Industry and Construction, as saying at the Government's weekly meeting.
“Given the country’s considerable coal reserves, the development of this sphere will let shift away from resource-based economy and increase added value. Presently, negotiations are underway with such major companies as CHN Energy and East China Engineering and Technology,” the minister said.
CHN Energy is ready to inject $4 billion tenge in ammonia and carbamide production projects.
Besides, East China Engineering and Technology together with LLP Samal Commodities are exploring the issue of manufacturing organic chemical products.
“As per the Road Map for the Development of Coal Chemistry, domestic coal producing companies together with the country’s research institutions are conducting a comprehensive research and work on implementation of advanced technologies aimed at obtaining in-demand chemical products,” Nagaspayev said.
Photo credit: gov.kz.
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