(Fibre2fashion) – In addition to supplying paraxylene for the upcoming Mogilevkhimvolokno plant, being set up as part of the state run Belarus chemical company Belneftekhim, Kazakhstan is also likely to participate in the project.

Addressing a press conference, Mr. Ergali Bulegenov, Ambassador of Kazakhstan to Belarus, said the talks for participation in the Mogilevkhimvolokno project have intensified after the recent visit of the Belarusian Premier to Kazakhstan.

 The ambassador said the project would be profitable to both the countries.

Around 50% of the expected annual polyester fibre production of 600,000 tonnes by Mogilevkhimvolokno will be exported to other countries.

OAO Mogilevkhimvolokno produces dimethyl terephthalate, polyethylene terephthalate and polyester fibres. In August 2005, Mogilevkhimvolokno indicated plans to set up a 400,000 tonne/year PTA (purified terephthalic acid) unit and the $276 mln project was supposed to be completed by 2009. However, in October 2007, the company revised its planned PTA capacity to 320,000 tonnes/year and the budget for its construction reduced to $213 mln.