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In the framework of bilateral cooperation between the Republic of Uzbekistan and the Republic of Korea, the National Holding Company "Uzbekneftegaz" and the Consortium of Korean companies on a parity basis was established by joint venture in the form of a limited liability company «Uz-Kor Gas Chemical».

The project symbolizes strategic cooperation between the Republic of Korea and the Republic of Uzbekistan

The project is one of the largest investments of Korean companies In whole Central Asian region.


News

On May 21, 2016 in Kungrad district of Karakalpakstan was held the official project completion and opening ceremony of Ustyurt Gas Chemical Complex.

 

It was attended by the Prime Ministers of Uzbekistan and South Korea Shavkat Mirziyoyev and Hwan Ahn Kyo.

This industrial complex has been built on the initiative of the President of Uzbekistan Islam Karimov with the active cooperation and participation of the Korean consortium (KOGAS, Lotte Chemical Corp., GSE&R).

At the event it was noted that at present time modern technologies are concentrated in the oil and gas sector of the country, which together with the existing resource base allows Uzbekistan to act as a major manufacturer and supplier of products with high added value to foreign markets. A good proof of that was the commissioning of Ustyurt Gas Chemical Complex on the base of Surgil field.

The total annual production capacity of the complex is 387 thousand tons of polyethylene, 83 thousand tons of polypropylene and 102,000 tons of pyrolysis distillate and 8 thousand tons of pyrolysis oil. Ustyurt GCC comprises five main plants - gas separation, ethylene, polyethylene, polypropylene, energy supply plants. The raw material bases are Surgil, West and East Berdakh fields.

To date, about 85 percent of manufactured polymers are being exported to the countries in Central and East Asia, CIS and Europe. Until the end of 2016 it is planned to increase the plant’s export volumes to up to 90 percent.

Products

Total production capacity of the complex is 387 thousand tons of polyethylene

At the moment, polymer plat produces such brands of polyethylene as FL7000, M8000, MF5000, BL5200, BL6200, J2200, J2210

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Total production capacity of the complex is 83 thousand tons of polypropylene

At the moment, polymer plat produces such brands of the polypropylene are produced J-150, J-160, J-170T, L-270A, Y-120, Y-130, FO-130A, FC-550, FR-160, FR-170H, J-550S, J-560S, J-570S, B-310, B-320, J-320, J-330, J-350, J-360, J-370, JM-370, JM-375, JM-380

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Offtakers

«NEFTGAZINVEST» LCC

LOTTE CHEMICAL CORPORATION

SAMSUNG C&T CORPORATION

100047, The Republic of UUzbekistan
 Tashkent city, Istiqbol st. 16 
Tel: (99871) 207-27-72
Fax: (99871) 207-27-72 (additional 260)
www.ungi.uz
7F-11F, Lotte Tower 51, Boramae-ro 5-gil, Dongjak-gu
Seol, 156-711 Republic of Korea
Lotte Chemical Corporation
Tel: +82-2-829-4114
www.lottechem.com
29th FL., Samsung C&T Corp. Bldg.
1321-20 Seocho 2 dong, Seocho-gu
Seoul, 137-956 Republic of Korea
Tel: +82-2-2145-2692, Fax: +82-2-2023-2692
www.samsungcnt.com