Two contracts have been signed in Tokyo (Japan) between the "Turkmenchemistry " state concern and Kawasaki Heavy Industries, Ltd, the Embassy of Turkmenistan in Japan reports.
The deals are aimed at implementing projects on the maintenance of the plant for the production of gasoline from natural gas in the Akhal province of Turkmenistan.
The information said that the delegation held meetings at the Ministry of Economy, Trade and Industry of Japan, Japan Bank for International Cooperation (JBIC), Japan External Trade Organisation (JETRO) and Japan International Cooperation Agency (JICA).
Special focus was placed on the meeting at the Nippon Export and Investment Insurance (NEXI), where the parties discussed the implementation of economic projects and financial support. The Japanese side expressed readiness to participate in the implementation of projects and support their financial side.
"These events have become an important step in the development of economic relations between Turkmenistan and Japan and open new prospects for joint projects and investments."
The delegation from Ashgabat was led by Rahimberdy Jepbarov, chairman of the State Bank for Foreign Economic Affairs of Turkmenistan.
Experts told Daryo that Japan's Kawasaki and Sojitz, with the participation of Turkey's Rönesans, built a plant in Turkmenistan in 2019 that was the world's first industrial production of synthetic gasoline from natural gas.
This $1.7bn flagship project, using the GTG (Gas to Gasoline) technology of the Danish company Haldor Topsoe, was realised with Japanese investment and funds from "Turkmengaz". The plant had an annual capacity of about 600,000 tonnes of A-92 petrol, 12,000 tonnes of diesel fuel and 115,000 tonnes of liquefied gas.
It is planned to build a second similar plant on this basis. Turkmenchemistry, Kawasaki, Itochu and Rönesans recently signed a memorandum of understanding to this effect.
Eziz Boyarov
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