Caspi Bitum in Mangistau rgn plans test batch of asphalt

10:00, 25 October 2013

AKTAU. October 25. KAZINFORM In a month, i.e. November 20, there is planned the output of the first trial batch of bitumen at the plant named «Caspi Bitum», that has been stated at the workshop on implementation of the investment project called "Production of bitumen road ", which was being conducted at the plant.

"Construction of the plant is complete, there is active phase of commissioning. As for power supply all works have been finished. The first batch of oil is to be October 25 and October 30 there will be the second supply. Running-in of oil product processing equipment will be carried out on October 26. Prior to October 28 the working committee will finalize its activity, and the state acceptance of the plant is to be take place November 7 this year", said the chairman of the Board of Kazakhstan Petrochemical Industries JSC (KPI) Dauletkeri Ergaliev.

Despite these optimistic forecasts, the participants voiced a number of problems and their solutions.

"In February, I was reported on the fact that in April the plant would be launched. Closer to the summer I was again reported on the readiness by September. It is worth remembering that the project is a part of the Republican map of industrialization, it is planned to produce bitumen that is required for development of the manufacturing industry. It will be produced in solid form and not in liquid. There is not yet a plant producing this sort of bitumen on the territory of the CIS", said the mayor of Mangystau region Alik Aidarbayev.

The total cost of the project is subject to payment of interest, since it runs on borrowed funds - 290 million U.S. dollars. The client is «Caspi Bitum» JV, project participants are « KPI » JSC and "CITIC Kazakhstan", and funding is provided from two sources: 80 % - "BANK of CHIN" borrowings, and 20 % are the means of the project parties.

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