Liquid Fuel Takes Shape
Russian companies and financial institutions intend to take part in the construction of a plant for the production of synthetic fuel in Uzbekistan.
According to Peter Fradkov, Director General of the Russian Export Center, his organization is conducting intensive negotiations within the framework of the GTL plant construction project on the basis of purified methane produced by the Shurtan Gas Chemical Complex.
“Russia's participation in the construction of the Oltin yo'l GTL plant is more than $ 300 million. We provide insurance coverage and direct credit participation. Gazprombank is also interested in this project. The contractor is the Russian company «Cryogenmash». This is a large international project involving the Korean and Chinese sides,” Fradkov said.
Earlier, the government of Uzbekistan, Gazprombank and the Russian Export Center concluded a framework agreement on the joint implementation of investment projects in the oil and gas, chemical, mining and metallurgical sectors of the republic. In particular, we are talking about the organization of financing from Gazprombank of the GTL project, including financing the delivery of a complex of air separation units of «Cryogenmash» PJSC.
The new plant annually plans to process 3.6 billion cubic meters of natural gas and produce about 1.5 million tons of synthetic fuel that meets Euro5 requirements. Of these, 743 thousand tons will be diesel fuel, 311 thousand tons - aviation kerosene, 431 thousand tons naphtha and 21 thousand tons - liquefied gas.
Synthetic naphtha, obtained at the new plant, will be sent to the Shurtan Gas Chemical Complex, located just a kilometer away. Here, this product is planned to produce polyethylene and polypropylene of modern brands.
The total cost of the plant construction project exceeds $ 3.6 billion. In addition, for the processing of naphtha, the Shurtan Gas Chemical Complex will be expanded and modernized for a total cost of over $ 400 million.