Uz-Kor Gas Chemical

Name

Uz-Kor Gas Chemical

Legal name

СП «Uz-Kor Gas Chemical» ООО

Website

https://uz-kor.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Uz-Kor Gas Chemical is a 50/50 Uzbek-Korean joint venture operating the Ustyurt Gas Chemical Complex in Karakalpakstan, producing 387,000 tons of HDPE and 83,000 tons of polypropylene annually for export to 17+ countries and the domestic Uzbek market.

Ownership category

akta.pro rank

Product category

Petrochemical Polymer Manufacturing

NAICS

Petrochemical Manufacturing (32511), Basic Chemical Manufacturing (3251)

SIC

Industrial Organic Chemicals (2860), Chemicals & Allied Products (2800)

akta.pro primary industry

Aromatics (BTX: Benzene, Toluene, Xylenes) (EUALAHAC)

Keywords

• Polyethylene manufacturing
• Polypropylene production
• Petrochemical processing
• Gas chemical complex
• Polymer manufacturing

Headquarters

HQ city

Tashkent

HQ country

Uzbekistan

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Infrastructure, Personnel

Revenue model

1. Polymer Product Sales: Sale of polymer products (polyethylene and polypropylene) manufactured from natural gas processing

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels2 records

Core offering

Uz-Kor Gas Chemical operates the Ustyurt Gas Chemical Complex (UGKhK) in Karakalpakstan, Uzbekistan, producing high-density polyethylene (HDPE) at 387,000 tons per year and polypropylene at 83,000 tons per year. The company is a joint venture between Uzbekistan's National Holding Company Uzbekneftegas and a consortium of Korean companies (Lotte Chemical Corporation and Samsung C&T Corporation).

Product overview

Uz-Kor Gas Chemical is a joint venture between Uzbekistan's National Holding Company Uzbekneftegas and a consortium of Korean companies, operating the Ustyurt Gas Chemical Complex. The company produces two core polymer products: High Density Polyethylene (HDPE) with an annual capacity of 387,000 tons and Polypropylene with an annual capacity of 83,000 tons. The products are sold through the Uzbek Republican Commodity and Raw Materials Exchange (Uzex).

Differentiator

Problem solved

Functional benefit

Products and services

• High Density Polyethylene (HDPE)

Quantifiable outcome

• 470,000 tons combined annual polymer production capacity (387,000 PE + 83,000 PP)
• +2 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Four partnerships are on record, tiered core.

• Uzbekneftegas JSCcoreStrategic or Co-development Partner
• Lotte Chemical CorporationcoreChannel Partner/ Reseller/ Distributor
• Samsung C&T CorporationcoreChannel Partner/ Reseller/ Distributor
• Korean ConsortiumcoreStrategic or Co-development Partner

Scale indicators8 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Shurtan Gas Chemical Complex: Uzbekistan's other major gas chemical complex operated by Uzbekneftegas; produces polyethylene from natural gas at the Shurtan facility in Kashkadarya region. Most direct domestic comparable given shared feedstock source, ownership structure, and product portfolio overlap.
• Lotte Chemical Corporation: Korean petrochemical major that is both a 50% JV partner and a global polyethylene producer with similar product grades. Comparable in HDPE/PP manufacturing technology and acts as official dealer for Uz-Kor's Korean market exports.
• SASOL (Secunda Chemicals): South African integrated gas-to-chemicals producer operating one of the world's largest coal/natural-gas-to-polymer complexes. Comparable as a feedstock-advantaged polymer producer selling commodity-grade PE and PP into global markets.
• GTL Oltin yul LLC: Uzbekistan-based gas-to-liquids (GTL) venture that shares personnel and Uzbek state-aligned ownership with Uz-Kor. Operates a related gas-to-chemicals pathway in Uzbekistan and represents a near-domestic peer in the Uzbekneftegas ecosystem.

Regional players

• KazMunayGas Petrochemical (KPI): Kazakhstan's national petrochemical initiative producing polypropylene at the Atyrau integrated gas-to-polymer complex. Regional peer competing in Central Asian polymer markets with similar upstream gas feedstock integration.
• Poliom LLC (Tobolsk): Russian polypropylene producer at Tobolsk, part of SIBUR. Operates a large-scale PP plant on West Siberian gas feedstock with comparable scale, serving CIS and export markets as direct competition.

Broad incumbents

• LyondellBasell Industries: One of the world's largest polyethylene and polypropylene producers with extensive European and global assets. Competes with Uz-Kor in export markets, particularly for commodity-grade HDPE and PP.
• SABIC: Saudi Arabian petrochemical major with ethane-advantaged PE/PP assets. Competes directly with Uz-Kor in Asian and European polymer export markets with structurally lower feedstock costs.
• Braskem: Latin America's largest petrochemical producer and a global PE/PP exporter. Comparable in product portfolio (commodity HDPE, PP) and export-oriented business model serving diverse regional markets.
• Borealis AG: European polyolefin producer (now part of OMV) with HDPE and PP assets serving European and global markets. Overlaps with Uz-Kor on standard PE/PP grades, particularly in European export channels.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Uz-Kor Gas Chemical