ASTANA, Kazakhstan, May 5. Kazakhstan plans to attract 4.8 trillion tenge (approximately $9.12 billion) in investments to the chemical and petrochemical industries by 2035, said Minister of Industry and Construction Yersaiyn Nagaspayev at a government meeting chaired by Prime Minister Olzhas Bektenov, Trend reports.
"Currently, 49 projects are being implemented in the chemical sector. The main ones focus on the production of chemical products used in the oil and metallurgy industries. For example, caustic soda produced in the country is primarily used by domestic processors," he noted.
According to him, the country's rich raw material potential, including phosphorites, potassium salts, barites, sulfur, oil, gas, and much more, will allow for the creation of new production facilities in the chemical industry.
Today, a government meeting is being held under the chairmanship of Prime Minister of Kazakhstan Olzhas Bektanov. The agenda includes the development of the chemical and petrochemical industries in the country.
