NEWS AND EVENTS
July 24, 2012
Uzbekistan GTL to work under Oltin Yo\'l GTL brand
Uzbekistan GTL JV will work under Oltin Yo\'l GTL (Golden Way GTL) brand.
This was announced at the presentation in Tashkent on 23 July 2012. Presentation of new brand was held within the visit of the Sasol President David Constable to Uzbekistan.
Speaking at the presentation, David Constable said that Sasol is happy to woek in Uzbekistan, which heads towards modernization of its economy. He said that the feasibility study of the project, which will produce 38,000 tonnes of synthetic liquid fuels a year, was completed in middle of 2011.
Constable underlined that investment agreement with the government was signed in September 2011 and preliminary engineering development and preparation of project documentation was started in October 2011. He said that this stage of the project will be completed in the second half of 2013.
It was noted that new brand was developed to promote ecologic clean future for transport. Brand will also promote vision of Uzbekistan in production of GTL.
David Constable said: “At accepting decision about brand of Uzbekistan GTL, we think that it should reflect rich cultural heritage and history of Uzbekistan, as well as joint work of partners, which links east and west.”
On the same day, the ceremony of launch of construction of external infrastructure of the plant has been held in Kashkadarya region. During the ceremony, foundation of the plant and commemorative capsule were laid.
Uzbekistan GTL will be located near Shortan Gas Chemical Complex, which will supply methane to the venture. Besides, there are all infrastructure – railway, electricity supply line, and artificial water source.
Uzbekistan GTL will become the third plant on production of synthetic liquid fuel from gas in the world.
As reported earlier, Uzbekneftegaz national holding company, Petronas and Sasol Synfuels International (PTY) Limited signed charter and constituent agreement of joint venture Uzbekistan GTL in November 2009.
In line with preliminary feasibility study, the plant will process 3.5 billion cubic meters of gas and produce 672,000 tonnes of diesel fuel, 278,000 tonnes of aviation kerosene, 361,000 tonnes of naphtha and 63,000 tonnes of liquefied gas. However, Uzbekneftegaz said that designed capacity of the plant will be increased up to 1.468 million tonnes a year.
The project will be financed due to own resources of the venture’s founders, consortium of banks and financial institutions, which issue loans on project financing terms. (Source: UzDaily.com)