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World News and Views :: Projects

LG Chem in Talks with EPC Contractors for $4-Billion Kazakhstan Venture

10:15 AM MDT | May 30, 2012 | Natasha Alperowicz in Kuala Lumpur

LG Chem and its partner Kazakhstan Petrochemical Industries (KPI: Astana) are evaluating bids from several international consortia to build their previously announced equally owned joint venture complex at Atyrau, Kazakhstan, Peter Bahnsuk Kim, vice chairman and CEO of LG Chem tells CW. He was speaking on the sidelines of the Asia Petrochemical Conference (APIC) currently taking place at Kuala Lumpur. The companies are planning to select the winning consortium at the end of this year and have $4.2 billion project completed in 2016, he says. Chinese, Korean and...

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