A tender was announced again for the construction of a polymer materials plant in Turkmenistan at the expense of the UAE investment

The State Concern "Turkmengaz" on behalf of the tender commission re- announces an international tender for the design and turnkey construction of a gas chemical plant for the production of polyvinyl acetate in the Dashoguz velayat on the basis of direct investment with production sharing conditions in accordance with the Law of Turkmenistan "On hydrocarbon resources". This is stated in the announcement of the newspaper "Neutral Turkmenistan" dated July 23.

Recall that for the first time a tender for the construction of the enterprise was announced in July 2021, then again - in November of the same year.

In February 2021, the Abu Dhabi Development Fund signed three Memoranda of Understanding with the government of Turkmenistan. The second agreement was signed to explore the possibility of investing in a project to create a $175 million chemical industrial complex in Turkmenistan for the production of polyvinyl acetate.

Polyvinyl acetate (PVA) is a colorless resinous polymer used as a component in latex paint, varnishes, adhesives, and polyvinyl alcohol.

Source: Chronicles of Turkmenistan