China CAMC Engineering to construct chemical complex in Uzbekistan

China CAMC Engineering Co Ltd today said that the company signed an agreement on construction of the complex with Navoiazot. The contract cost is US$439.8 million.

The Chinese company should construct capacities for 100,000 tonnes of PVC, 75,000 tonnnes of caustic soda and 300 tonnes of methanol a year. The project will be implemented with 36 months.

The project with the cost of US$501.1 million will be financed due to own resources of the Uzbek side and loans of the foreign financial institutions.

Navoiazot is a largest chemical plant in Uzbekistan, which was commissioned in 1964. It produces nitric fertilizers, nitronic fiber, as well as integrated production of organic synthesis.