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Groundbreaking ceremony held for $3.4-billion petchem complex in Turkmenistan

4:33 AM MDT | April 24, 2014 | Francinia Protti-Alvarez

A groundbreaking ceremony has been held for a project that includes an ethane cracker, and polyethylene (PE) and polypropylene (PP) production facilities, at Kiyanly, Turkmenistan, according to a statement on the Turkmenistan government's Web site. Turkmenistan President Gurbanguly Berdimuhamedov, together with Lee Hee-Beom, vice chairman and CEO of LG International;  Wee-Chul Kim, CEO and president of Hyundai Engineering; and Katsumoto Ishibashi, CEO and president, and representative director of Toyo Engineering were present at the ceremony. A contract for...

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