Kazakhstan set to boost private investment in chemical industryKazakh Prime Minister Olzhas Bektenov has instructed the government to create favorable conditions for attracting private investment into new chemical projects."Today, about 45% of raw materials for chemical production are exported without deep processing. For example, nearly 800,000 tonnes of raw phosphate is shipped out of Kazakhstan annually. The Ministry of Industry needs to create necessary conditions for the attraction of private investment into high-tech raw material processing projects," Bektenov said during a Monday meeting of the government.The Ministry of National Economy, together with the Ministries of Energy and the Ministry of Industry, have been tasked with submitting by July 1 of this year proposals to the government outlining specific measures for tax and customs incentives for chemical and petrochemical projects.According to the prime minister, the chemical industry's potential for deep processing of raw materials remains underutilized.Bektenov said that amid volatile commodity and oil prices, it is crucial to increase the republic’s processing capacity and enter foreign markets with finished products.Additionally, the prime minister ordered that a law on the petrochemical industry should be prepared and submitted to the government by September 1 of this year.According to the government meeting, while most chemical enterprises in the country have already implemented emission control systems, some producers still operate without modern environmental filters and waste disposal technologies.The concerned ministries and agencies have been instructed to finalize this year, in cooperation with the Ministry of Industry and the Ministry of Energy, an inventory of such enterprises and develop a special modernization plan aimed at the introduction of green technologies. (ICE ALMATY)

Fonte notizia: INTERFAX