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On March 30, Sinopec Refining & Chemical Engineering Group officially signed an EPC contract for the butadiene and rubber project with Butadiene LLP of Kazakhstan. This project is to be carried out jointly by Guangzhou Engineering Company and Ningbo Engineering Company, both subsidiaries of the Refining & Chemical Engineering Group. The project is located in Atyrau Region, Kazakhstan, and its owner is Kazakhstani Butadiene Company (a wholly-owned subsidiary of the Samruk-Kazyna Fund in Kazakhstan). This project focuses on the production of butadiene rubber and is planned to be implemented in two phases. Once completed, it will have an annual rubber production capacity of 300,000 tons. This will enhance Kazakhstan’s ability to process its own oil and gas resources, reduce dependence on imports, increase exports of high-value-added products, and further help the country improve its petrochemical industry chain as well as the supply of synthetic materials. It will also contribute to the gradual transformation of the regional chemical industry toward greener, more sophisticated, and higher-quality products.
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