ROTTERDAM, Netherlands, March 9, 2009 – LyondellBasell Industries, a partner with SAT &Co. and KMGEP of Kazakhstan Petrochemical Industries Ltd. (KPI), today reaffirmed its ongoing participation in the development and construction, of an integrated petrochemical complex and a Gas Separation Unit in the Atyrau region of Kazakhstan.
As planned the petrochemical complex will include a world-scale ethane cracker, a propane dehydrogenation unit, a polypropylene plant and two polyethylene production facilities using LyondellBasell’s latest polyethylene and polypropylene process technologies. The three world-scale plants are scheduled to begin operations in 2014.
“I am delighted about the excellent collaboration with our partners and truly impressed by the progress made by KPI on the project, in spite of recent difficulties facing the global petrochemicals industry,” said Just Jansz, President of LyondellBasell’s Technology Business. He added: “We are pleased to confirm our continued commitment and ongoing support to the KPI project.”
KPI has successfully completed the feasibility study for this large green field project, and plans to issue in the very near future invitations for construction bids for the Integrated Complex, the GSU and the connecting pipelines. In August 2008 KPI selected the polyolefin technologies that will be used to produce materials at the site.
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LyondellBasell Industries is one of the world’s largest polymers, petrochemicals and fuels companies. We are the global leader in polyolefins technology, production and marketing; a pioneer in propylene oxide and derivatives; and a significant producer of fuels and refined products, including biofuels. Through research and development, LyondellBasell develops innovative materials and technologies that deliver exceptional customer value and products that improve quality of life for people around the world. Headquartered in The Netherlands, LyondellBasell (www.lyondellbasell.com) is privately owned by Access Industries.
For information, contact:
Media – Waldemar Oldenburger, +49 69 305 854 59
waldemar.oldenburger@lyondellbasell.com