Project Profile
Location: Kiyanly, on East Coast of the Caspian Sea, Turkmenistan
Production: 386,000 tonnes per year (t/y) of high density polyethylene (HDPE) and 81,000 t/y of polypropylene (PP)
Start-up Year: 2030 (final expansion phase)
Turkmengas State Concern (Turkmengas) is planning to invest US$10 billion capital expenditure in a greenfield world-scale petrochemical complex at Kyyanly, also spelled Kiyanly, on East Coast of the Caspian Sea. Located in front Azerbaijan around the Caspian Sea and squeezed between Iran on the south and Uzbekistan – Kazakhstan in the north, Turkmenistan is ranked as the sixth largest country in the world by natural gas reserves. In 2011 Turkmenistan revised by threefold its natural gas reserves from 94 trillion cubic feet (tcf) to 265 tcf after the appraisal of several gas fields appearing among the world largest gas fields identified so far. In crude oil, Turkmenistan declared 600 million barrels of proven reserves with a production running around 244,000 barrels per day (b/d).
In 2012 the Turkmen Government selected Kiyanly seaside to set up a world-scale petrochemical complex and opened discussions with Japan and South Korea to provide financing and technologies. In September 2013, a financial cooperation agreement was signed to support the Kyyanly Petrochemical project between the Turkmen State Bank for Foreign Economic Affairs and the Japanese Bank for International Cooperation (JBIC). Due to mobilize $10 billion capital expenditure, this Kiyanly Petrochemical complex will be developed in multiple phases up from the first building blocks to a wide spread of chemical specialties until 2030.
Meanwhile the Turkmen Government finalized the financing of the project, it signed partnerships with Japanese and South Korean companies to provide the license and the engineering expertise to design and build the multiple production units that will phase up the Kyyanly Petrochemical Complex on the Caspian Sea. With 5 billion cubic meters per year natural raw gas supplied from the adjacent existing Petronas gas processing plant, Turkmengas is planning to build at Kiyanly:
- Gas separation unit (GSU)
- Ethane cracker
- Polyethylene (PE) unit
- Polypropylene (PP) unit
- Offsites and Utilities
- Sulfate natrium and detergents plant
- Nitrogen fertilizers with urea and ammonia plants
- Gasoline plant
- Liquid fuels plant
- Sulfuric acid unit to develop phosphate fertilizer in Turkmenabat
To design and build these different chemical production units, the Japanese and South Korean companies established multiple consortia. Turkmengas Kiyanly ethylene cracker is designed to produce 386,000 tonnes per year (t/y) of high density polyethylene (HDPE) and 81,000 t/y of polypropylene (PP). After signing the financing agreement and setting the main licences and engineering partnerships with Japanese and South Korean consortia, Turkmengas is willing to proceed on fast track to build the first phases of the Kyyanly seaside petrochemical complex in Turkmenistan.
Operators:
Turkmengas State Concern (Turkmengas): Operator with 100% interest