ASHGABAT, Turkmenistan, April 29. China’s
Puyang Shengyuan Petrochemical Group plans to ensure over 20%
localization of high-quality polycarbonate production in
Turkmenistan, the company’s president Wang Xichen said, Trend reports.
Wang made the remarks during Turkmen-Chinese Trade and Economic
Forum, held on April 29 in Ashgabat, confirming the company’s
readiness to implement large-scale strategic projects aimed at
strengthening resource security and modernizing Turkmenistan’s
industrial sector.
The Chinese side’s proposal focuses on transferring expertise in
the production of high-quality polymers and environmentally
friendly materials. According to Wang, the company intends to
integrate its advanced technologies into Turkmenistan’s industrial
development platform.
He noted that the partnership would support the introduction of
modern environmental standards while ensuring stable supply chains
and technical support across the country.
Wang also emphasized that entering the Turkmenistan market is
viewed as a long-term strategy aimed at creating high-value-added
products using local raw materials.
Meanwhile, He Zhenwei, President of the China Overseas
Development Association (CODA), said that launching initiatives
that enable a shift from raw material exports to advanced gas
processing and the production of high-value-added products in the
gas chemistry sector is identified by Chinese investors as one of
three priority areas of bilateral cooperation between Beijing and
Ashgabat, alongside with agriculture and green energy. He also made
the remark during Turkmen-Chinese Trade and Economic Forum, on
April 29.
