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Economy 23/10/2024 Uzkimyosanot and Japanese Companies discuss strategy for Uzbekistan’s chemical industry development

Uzkimyosanot and Japanese Companies discuss strategy for Uzbekistan’s chemical industry development

Tashkent, Uzbekistan (UzDaily.com) —  Evgeny Korjikov, the First Deputy Chairman of the Board of Uzkimyosanot, held talks with representatives from the Japanese companies ITOCHU Corporation and Toyo Engineering Corporation, as reported by the press service of Uzkimyosanot.

During the discussions, the parties examined the strategy for developing Uzbekistan’s chemical industry, focusing on the use of alternative energy sources, reducing carbon dioxide emissions, and projects aimed at producing "green" products.

They also explored prospective projects involving Toyo Engineering Corporation as a licensing and technical partner. The participants considered opportunities for attracting direct foreign investments and financing from Japanese financial institutions for these projects.

ITOCHU Corporation is a general trading company that is part of Japan’s "Big Five" trading firms. Headquartered in Tokyo, ITOCHU engages in foreign trade across various sectors, including textiles, machinery, metals, minerals, energy, chemicals, food, real estate, and information technology.

Toyo Engineering Corporation is an engineering and construction company specializing in the oil and gas, and petrochemical industries. Since its establishment in 1961, it has established itself as a global leader in urea production technologies, having designed and implemented over 100 facilities worldwide.

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