Production of artificial fiber from PET waste will be built in Kazakhstan
The construction of the plant for the production of artificial fiber from polyethylene terephthalate waste is carried out in the industrial zone “Badam” of the Turkestan region of Kazakhstan, the Republican media reports.
To date, the first stage of the investment project, the cost of which is $ 20 million, has been launched. Annually the plant will produce 50 thousand tons of products. The capacity of the project will be able to fully meet the needs of Kazakhstan in artificial fiber.
It is planned that 200-250 people will be involved in the launch of the plant, which will stimulate the socio-economic development of the region.
This project is implemented within the framework of the Memorandum of cooperation signed during the international investment forum Invest Ontustik-2016. Construction of the project is carried out in conjunction with the well-known foreign company HONGKONG TIANRUN CO.LTD, akimat of the region and a large industrial company Green Technology Industries.