ASHGABAT, Turkmenistan, May 26. Japanese
company Toyo Engineering Corporation has launched a large-scale
modernization project at Turkmenistan’s Gyyanly Polymer Plant,
Trend reports via the
Embassy of Turkmenistan in Japan.
The announcement was made by Tetsuji Miyazaki, director of the
company’s office in Turkmenistan, during the “White City Ashgabat”
conference.
According to the company, the project will be implemented in two
phases. The first stage includes engineering work, inspections,
procurement of new equipment to replace outdated facilities, and
dismantling operations. The second phase involves overcoming
technical constraints and launching the upgraded production
facilities.
Miyazaki noted that representatives of the company held two
meetings with President of Turkmenistan Serdar Berdimuhamedov last
year to discuss prospects for cooperation in this direction.
For reference, the Gyyanly Polymer Plant, located in
Turkmenistan’s Balkan region on the Caspian coast, was commissioned
in 2018 as one of the country’s largest petrochemical projects with
an investment value exceeding $3.4 billion. Built by a consortium
including Toyo Engineering Corporation, Hyundai Engineering and LG
International, the facility is designed to process up to 5 billion
cubic meters of natural gas annually and produce around 380,000
tons of polyethylene and 80,000 tons of polypropylene per year.
The complex is a key part of Turkmenistan’s strategy to increase
value-added gas processing and expand polymer exports through
infrastructure linked to the Turkmenbashi International
Seaport.
