Samruk-Kazyna Ondeu confirms Tatneft’s exit from butadiene project in KazakhstanSamruk-Kazyna Ondeu has confirmed the withdrawal of Russia’s Tatneft from a project for butadiene production in Kazakhstan.“Currently, Butadiene LLP is owned by the subsidiaries of Samruk-Kazyna JSC – Samruk-Kazyna Ondeu LLP with a 99.999% stake and SSAP LLP with 0.001%. The changes to the ownership structure were registered on January 30, 2026 in accordance with Kazakhstan’s legislation,” the company said in response to an Interfax-Kazakhstan inquiry.Samruk-Kazyna Ondeu said that Butadiene LLP remains the project operator.“The project is being implemented according to the schedule. The previously announced key parameters of the project, including its strategic importance, production targets and socio-economic impact, remain unchanged,” the company said.The investment project, titled Production of Butadiene and its Derivatives in the Republic of Kazakhstan, is being implemented under the national Concept for the Development of the Fuel and Energy Complex for 2023–2029, Samruk-Kazyna Ondeu said.Kazakhstan’s PetroCouncil earlier reported that Tatneft had exited the project.Valued at about $1 billion, the project envisages construction of a petrochemical complex in the Atyrau region to produce butadiene and related products. It has been positioned as a key initiative for developing high-value-added petrochemical production.Initially, the project had been carried out by a joint venture created by Tatneft (75%) and the Kazakh side (25%). Construction had been scheduled to begin in the first half of 2026, with commissioning planned for December 2028.The planned production capacity exceeded 300,000 tonnes of butadiene and its derivatives per year, including synthetic rubbers. Output was intended for supply to the tire plant of KamaTyresKz LLP, a joint venture between Tatneft and Allur, located in the town of Saran, the Karaganda region in central Kazakhstan.According to the Kazakh government, the project was expected to produce annually 60,000 tonnes of divinyl-styrene synthetic rubber for the rubber and tire industries, 40,000 tonnes of styrene-butadiene-styrene rubber used in road construction and plastics, and 40,000 tonnes of methyl tert-butyl ether for high-octane gasoline production.Butadiene LLP was established in November 2021 by Tatneft (75%) and KazMunayGas (25%). In June 2023, KazMunayGas transferred its stake to Kazakhstan’s Sovereign Wealth Fund Samruk-Kazyna.U.S.-based Lummus Technology was selected as the licensor for the plant, providing technology rights and basic engineering for four process units. Feedstock was to be supplied from the Tengiz and Korolyov fields, western Kazakhstan.Samruk-Kazyna Ondeu is a subsidiary of Sovereign Wealth Fund Samruk-Kazyna, focusing on chemical industry projects.SSAP LLP is sulfuric acid plant, in which Samruk-Kazyna Ondeu holds a 90.11% stake and National Atomic Company Kazatomprom JSC owns 9.89%. The plant is located in the town of Stepnogorsk, the Akmola region in central Kazakhstan. (ICE ALMATY)

Fonte notizia: INTERFAX