Home Business Transport Hyundai Completes $2.62b GTL Plant In Uzbekistan
Transport

Hyundai Completes $2.62b GTL Plant In Uzbekistan

Share
Share

Hyundai Engineering has completed construction of GTL (Gas-to-Liquid) plant worth $2.62 billion in Uzbekistan.
 At the unveiling ceremony were officials from the Uzbekistan government, including President Shavkat Mirziyoyev, Prime Minister Abdulla Aripov, Energy Minister Alisher Sultanov, and Korean officials, including Hyundai Engineering CEO Kim Chang-hak.
‘GTL’ refers to a technology that chemically react natural gas to produce liquid petroleum products. It requires high-level technological capabilities because it produces high value-added petroleum products through a chemical reaction, beyond the simple purification of natural gas.
Unlike typical oil refinery products, fuels made through the GTL process are clean fuels that have very low air pollutants such as sulfur, aromaticity (BTX), and heavy metals.
Carbon dioxide emissions of the GTL process are also half compared to coal, and 70% compared to oil.
The project which Hyundai Engineering received from a SPC (a special purpose corporation) established by Uzbek state-run oil gas corporation is build a large-scale petrochemical plant to produce high value-added petroleum products such as kerogen, and naphtha by processing natural gas in Kashkadarya province, about 400 km southwest of Tashkent, the capital of Uzbekistan.
It is the world’s sixth GTL plant. Hyundai Engineering explained that the plant will help resolve Uzbekistan’s chronic petrol shortage

Share

Businesstoday Magazine

Businesstoday Conference/Awards

Related Articles

LASG Announces Traffic Diversion For Installation Of Truck Barriers 

The Lagos State Government on Thursday announced a traffic diversion at Ojuelegba...

Lagos Red Line Begins Commercial Operations

At exactly 5:20pm on Tuesday, Lagos Red Line rail departed at Platform...

Ogun Warns NURTW Against Breakdown Of Law And Order

The Ogun State Government at the weekend warned members of the National...

Transport Union Leaders Vow To Stop Arbitrary Fare Hikes In Ogun

Transport union leaders in Ogun State have promised to collaborate with the...