Home / Knowledge / News / Textiles / Malaysian firm to set up methanol plant in Kazakhstan
Malaysian firm to set up methanol plant in Kazakhstan
May '14
Markmore Sdn Bhd, wholly-owned by Malaysian businessman Tan Sri Halim Saad, has signed a memorandum of understanding (MoU) with the Administration of Mangystau province of Kazakhstan for construction of a methanol plant in Kuryk.
The MoU for methanol plant was among the three MoUs signed between Malaysian companies and their respective Kazakh counterparts to undertake business projects with a total value of US$1.1 billion, during the visit of Malaysian Prime Minister Datuk Seri Mohd Najib Tun Abdul Razak to Kazakhstan last week.
The $700 million methanol plant would monetize the large gas reserves in the Rakushechnoye Field, which is owned by the Markmore Group, through its wholly-owned Kazakhstan subsidiary, CaspiOilGas LLP. The gas reserves at the oil field are estimated at 535 billion cubic feet, according to a New Straits Times report.
The methanol plant is targeted for completion by 2017. The methanol produced in Kuryk would be supplied through the vast railway network across the CIS countries.
Methanol is a liquid chemical with the formula CH3OH (often abbreviated MeOH). It is colorless, volatile, flammable, and poisonous. Because methanol has toxic properties, it is frequently used as a denaturant additive for ethanol manufactured for industrial purposes. It is also used in the textile industry.

Fibre2fashion News Desk - India

Must ReadView All

(L-R) Mr Shao Bojin, Chairman of Jihua Group and Mr Rohit Aggarwal, President of Huntsman Textile

Textiles | On 28th Oct 2016

Huntsman gets into strategic partnership with Jihua Group

Huntsman Textile Effects, the leading provider of high quality dyes...

Marzoli FT6D roving frames in Sintex’s Unit 2. Coutresy: Marzoli

Textiles | On 28th Oct 2016

Marzoli roving frames erected at Sintex textile division

A total of 48 Marzoli roving frames were erected in units I, II and...

Courtesy: Polartec

Textiles | On 28th Oct 2016

Polartec innovates most breathable waterproof fabric

Polartec, the premium provider of innovative textile solutions, has...

Interviews View All

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Smita Murarka

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

October 2016

October 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Advanced Search