In September 2024, the construction of a polyethylene plant started in the National Industrial Petrochemical Technopark special economic zone in the Atyrau Region. The project is expected to be completed in 2029

The project is being implemented following an order of Kazakhstan’s President Kassym-Jomart Tokayev and will represent the largest processing industry project in the country.

The plant’s launch will enable:
• substitution of imported polyethylene with that manufactured domestically
• growth in high value added exports.

Planned production portfolio: 20 grades of polyethylene, with 40% classified as premium segment. The project is run by Silleno, whose shareholders are KMG (40%), Sinopec Overseas Investment Holding (30%), and SIBUR Holding (30%).

The gasochemical complex of KPI Inc. continues its active development, making a substantial contribution to reducing Kazakhstan’s import dependency.

KMG has established large warehouses in Almaty and Astana, ensuring uninterrupted deliveries to processing companies. The Company continues to service the Kazakhstan market while simultaneously increasing export volumes to Russia, Turkey, and other countries.

Domestic market supplies have reduced product imports to 17% compared to 34% in 2023.

The gas separation unit (GSU) is designed for deep processing of natural gas and separation of valuable components, ensuring stable supplies of ethane and propane for the petrochemical industry. Project operator: KMG PetroChem, a subsidiary of KMG. On 14 September 2024, KMG’s Investment Committee resolved to proceed to the Implementation Phase

GSU construction and installation are scheduled to commence in 2Q 2025. The commissioning is scheduled for 2028.

Hybrid power plant in Zhanaozen: cooperation with Eni

On 18 January 2024, KMG and Italy’s Eni signed the joint confirmation agreement on the initiation of a hybrid power plant construction project in Zhanaozen (Mangistau Region).

This project will be the first hybrid solution in Kazakhstan combining three types of generation:
• 77 MW wind power plant;
• 50 MW solar power plant;
• 120 MW gas power plant.

On 16 July 2024, a ceremony to mark the start of the hybrid power plant’s construction was held, with KMG and Eni management taking part. In December 2024, early works on the solar power plant site were completed, and construction and installation works for the main equipment began. Full completion of the project is expected by the end of 2026.

Wind power plant in the Zhambyl Region (Mirny project): cooperation with TotalEnergies

Implementation of a joint project for a 1 GW Mirny wind power plant (WPP) in the Zhambyl Region. The WPP will be located in the settlement of Mirny and will be equipped with a 300 MW / 600 MWh energy storage system, ensuring stability of power supply and reducing risks associated with intermittent wind generation.

Feasibility study preparations have been completed, the region’s wind potential has been analysed, and work is underway to select a supplier of key equipment. The project’s key partners are Total Eren (60%), SamrukKazyna (20%), and KMG (20%).