President of Turkmenistan and President of the Republic of Korea arrive in Balkan Velayat

President of Turkmenistan Gurbanguly Berdimuhamedov and President of the Republic of Korea Moon Jae-in, who arrived in our country on a state visit, visited the largest industrial enterprise in the Caspian region - Kiyanly polymer plant.

The mutual interest and readiness of the friendly states to strengthen and develop constructive and fruitful cooperation in the political, trade-economic and humanitarian fields were confirmed during the Turkmen-Korean top-level talks in Ashgabat. The solid package of documents, aimed at enhancing effective cooperation in a wide spectrum of areas, was signed on the outcomes of the meeting.

In the morning, President of Turkmenistan Gurbanguly Berdimuhamedov arrived at the international airport of Turkmenbashi. Some time later, the airliner of the President of the Republic of Korea landed in the airport of the seaside city, decorated with the state flags of the two countries on the occasion of the significant event. The distinguished guest was cordially welcomed at the Turkmenbashi airport.

From the airport, the motor cortege of the leaders of the two states headed to the Kiyanly Village, where the polymer plant was put into operation last year.

The project, amounted to more than 3.400 billion US dollars, was implemented by the Turkmengaz State Concern together with foreign partners - LG International Corp and Hyundai Engineering (Republic of Korea), and TOYO Engineering Corporation (Japan).

The production capacity of the ultra-modern complex allows processing five billion cubic meters of natural gas per year and thereby producing 386,000 tons of high-density polyethylene, 81,000 tons of polypropylene. After extracting ethane and propane from natural gas, the remaining 4.5 billion cubic meters of commercial gas are supplied to the pipeline system to be used as fuel.

The equipment manufactured in Japan, the Republic of Korea, the USA, the UK, Belgium, Germany, Denmark and other European countries is installed at the plant. It consists of four main technological, fully automated installations: gas separation unit, ethane processing unit, polyethylene production unit and polypropylene production unit.

Source: Turkmenistan: the Golden Age Online Newspaper