26 September 2020

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10 Apr  2019 1745

More than 30 investment projects are to be implemented in the chemical industry

Program for the Development of the Chemical Industry for 2019–2030 approved by the President. It includes 31 investment projects with an estimated value of $ 12.1 billion, with $1.7 billion due to foreign direct investment and loans.

The projects imply modernization, expansion of existing and creation of new energy-efficient facilities for the production of nitrogen, phosphate, potash and complex mineral fertilizers.

Among the new products to be introduced in domestic chemical industry are polymers, including polyethylene terephthalate (PET), polyvinyl chloride (PVC), synthetic rubber, polystyrene, polyurethane, polyol, acrylonitrile-butadiene-styrene (ABS) plastic, polyacrylonitrile (PAN). The adopted document also introduces creation of production clusters for the new types of chemical products in demand in economic sectors.


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