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Belarus govt to invest heavily in petrochemicals
24 Aug '12
1 min read
The Government of Belarus, a land-locked country in Eastern Europe, is planning to invest around €13.7 billion to develop the country’s petrochemical industry.
The Government proposes to construct 40 new manufacturing complexes, which include a plant for production of methanol at JSC Grodno Azot.
The plan also includes building new polyester complexes at JSC Mogilevkhimvolokno and at JSC Polymir plant.
Additionally, a plant for production of composite materials, a first in Belarus, would be set up in Polotsk.
Initially, around €2.2 billion of investment would be raised in the form of loans, while another €5.7 billion would be invested by the companies participating in the programme, the Government said.
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