Large-scale investment projects in the chemical industry are planned in the Khorezm region of Uzbekistan, which are expected to transform this industry into one of the key drivers of economic growth in the region. This was announced by the press secretary of the President of Uzbekistan during a meeting in the Urgench district.
This year, the first phase of the construction of a $10 billion gas chemical complex will begin in the Tuprakkalinsky district, which will use MTO (methanol-olefin) technology. Upon completion of the project, the complex will annually produce 14 types of basic polymer products with high added value and a total capacity of up to 2 million tons.
The project was first announced in March last year during the Head of State’s visit to the region. At that time, Shavkat Mirziyoyev held a working meeting with the leadership of the Ministry of Energy, Uzkimyosanoat, and a large foreign investment company, whose name was not disclosed.
It was expected that the future production facilities would be able to produce up to 2.5 million tons of products per year and create about 3,000 jobs. The project is scheduled for implementation in 2024–2028.
In addition, a 10-hectare chemical technology park will be created in the Khazarasp district, where projects worth $100 million will be implemented for the production of polymer products.
Special attention was paid to the region’s construction industry. Last year, 663 enterprises in Khorezm produced building materials worth about $86.6 million. To further develop this segment, 40 new projects with a total value of $100 million are planned for implementation in 2025, which will increase production to about $118.1 million.
