An investor will be attracted to build a plant for the production of sulfuric acid
NAC Kazatomprom plans to start construction of a sulfuric acid plant in the Suzak district of the Turkestan region in the first half of 2024. This was announced at an online conference by the chairman of the board of the company Yerzhan Mukanov, a correspondent of the Kapital.kz business information center reports.
According to him, the estimated cost of the project “will be specified later.” “We plan to attract a private investor for the construction of this plant. The investor has not yet been identified. Whether there will be a local investor or some foreign company – the choice has not yet been made. But Kazatomprom does not plan to use its own funds for the construction of this enterprise,” Yerzhan Mukanov emphasized.
The head of the company explained that the development of a feasibility study for the project is at the final stage. “We plan to move on to the development of design estimates for this plant in mid-2023. Construction is expected to start in the first half of 2024. In general, they intend to complete the construction of a sulfuric acid plant at the end of 2025. It is planned to start production and bring the plant to full production capacity in 2026,” said Yerzhan Mukanov.
He stressed that the enterprise will have a design capacity of 800,000 tons of sulfuric acid. “It is assumed that after the launch of the project, the volume of tax payments to the republican budget will amount to 4 billion tenge (per year – Ed.),” Yerzhan Mukanov said.
Recall that in October 2022 it became known that Kazatomprom intends to build
sulfuric acid plant from 2022 to 2026. It was reported that the plant will be built in the Suzak district of the Turkestan region in close proximity to mines that do not have railway lines, which will significantly shorten the delivery routes to consumers.