News 2022December 2021
KazMunayGas (Kazakhstan) and Tatneft (Russia) signed a corporate agreement on the activities of the Butadien joint venture to implement a project for the production of butadiene rubbers.
The launch of production is planned in 2026 on the territory of the National Industrial Petrochemical Technopark SEZ in the Atyrau region of Kazakhstan. During the construction period, about 2,000 jobs will be created at the site of the new production and more than 700 during the operation of the plant. The planned capacity of the enterprise is up to 180 thousand tonnes of butadiene and butadiene rubbers per year. The shares of KazMunayGas and Tatneft in the project are 25% and 75%, respectively. The preliminary cost of the project is estimated at about $1 billion, and the parties are considering options for financing the project, including through borrowed funds.
It is assumed that the raw materials will be supplied from the Tengiz and Korolev fields in Kazakhstan. The finished products are planned to be sent to a tire plant in the Karaganda region, as well as for export to European countries, Russia, China, Turkey, etc.