Kazatomprom Becomes Shareholder of Caustic

KazatompromPAVLODAR – State company NAC Kazatomprom acquired 40 percent of the ordinary shares of Caustic per President Nazarbayev’s orders on the creation of a high-grade chemical cluster in the Pavlodar Free Economic Zone.

Several import-substituting companies will be organized at NAC Kazatomprom to produce caustic soda and hydrogen peroxide used in processing uranium and chlorine used in the production of rare metals and chemicals.

In addition, it is planned to establish water cleaning and disinfection reagent factories that use advanced foreign technology.

“Kazakhstan’s chemical industry is a promising segment of the economy. The participation of NAC Kazatomprom in Caustic’s project will not only enhance the economic efficiency of Kazatomprom enterprises and expand its product lines, but also contribute to the development of Kazakhstan’s scientific and technical potential,” Deputy Chairman of NAC Kazatomprom  Nurlan Ryspanov said.

The chairman of the board of Caustic, Yerlan Orymbekov noted that the participation of the national atomic company as a shareholder in Caustic is huge for the plant and the development of Kazakhstan’s chemical industry as a whole. This deal will contribute to the creation of new jobs in the region. It is also an illustrative example of public-private partnership in the implementation of State Programme of Accelerated Industrial and Innovative Development (SPAIID) in Kazakhstan.

Caustic was founded in 2002 at the Pavlodar Chemical Plant complex. In 2011, thanks to the Development Bank of Kazakhstan and Eximbank of Kazakhstan, a caustic soda producing factory that uses the membrane method was opened in Pavlodar. Currently, it produces 30 thousand tons of caustic soda, 26 tons of liquid chlorine, 45 tons of hydrochloric acid and 6.6 tons of sodium hypochlorite annually. Caustic is the base enterprise of the Pavlodar Special Economic Zone which was established by a presidential decree in 2011.

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