LG Chem JV To Put $4B In Kazakhstan

LG Chem’s joint venture will invest $4 billion to set up a petrochemical complex in Kazakhstan, Reuters reports. The venture also includes Kazakhstan Petrochemical Industries and Korea Trade Insurance, adds Bloomberg.

The venture will build ethylene and polyethylene plants with an annual capacity of 840,000 tonnes and 800,000 tonnes, respectively. The commercial production at the facilities will begin in 2016.

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