TASHKENT, Uzbekistan, April 22. The volume of production in the chemical industry has increased by 1.5 times, as announced during a briefing on ongoing projects in the sector, Trend reports, citing the Uzbek President's office.
Thanks to ongoing reforms, market mechanisms have been implemented, and access to investment has been significantly expanded. To strengthen the production chain, three chemical clusters were established in Navoi, Fergana, and Kungrod, along with two technoparks in Chirchik and Jizzakh. The Kokand superphosphate plant has been fully modernized.
During the presentation, the president was briefed on the progress made and plans for the current year. It was highlighted that in the first quarter, $181 million in investments were utilized, and three projects worth a total of $39 million were commissioned.
In the second quarter, an additional $170 million in foreign investments is expected to complete the construction and launch of plants producing "green" hydrogen and cyanide salts.
The digitalization of the sector will continue, with greater integration across related industries. New modules will be introduced into the unified treasury system of chemical plants, and 15 key economic indicators of enterprises will be incorporated into the "Unified Digital Platform."
Special attention has been given to energy efficiency, with a focus on reducing production costs through energy savings and optimizing production capacities.
Moreover, it was noted that there is significant untapped potential, with growing domestic demand for chemical products. At the same time, the instability of global markets calls for innovative approaches.
To address these challenges, measures for the structural transformation of the sector, deepening localization, and increasing added value were discussed.
Officials have been tasked with developing a new program for the chemical industry that aligns with modern requirements and economic forecasts, emphasizing diversification through the production of high-value-added products.
