CITIC(HK:00267) Ren Min Ri Bao·2025-06-03 21:19Core Viewpoint - The article highlights the successful expansion and modernization of the Caspian Asphalt Plant in Kazakhstan, a joint venture between CITIC Group and the Kazakh National Oil and Gas Company, which plays a crucial role in meeting the asphalt demand for infrastructure development in Kazakhstan and exemplifies the practical cooperation under the Belt and Road Initiative [1] Group 1: Company Overview - The Caspian Asphalt Plant is the only facility in Central Asia dedicated to producing high-standard road asphalt and is the first large-scale petrochemical project established in Kazakhstan post-independence [1] - The plant's annual crude oil processing capacity has been increased from 1 million tons to 1.5 million tons, and the annual asphalt output has risen from 500,000 tons to 750,000 tons following the recent upgrade [1] Group 2: Technological Advancements - The modernization project was undertaken by CITIC Construction Co., Ltd., utilizing entirely Chinese technology and equipment, and was completed ahead of schedule, receiving high praise from Kazakhstan's President Tokayev and the Ministry of Energy [1] - Advanced technologies such as low-nitrogen burners and waste heat recovery systems have been implemented to reduce pollutant emissions and enhance energy recycling [1] Group 3: Strategic Importance - The plant is viewed as a strategic project that will enhance Kazakhstan's industrial capacity and facilitate economic transformation, with expectations for more modern projects in collaboration with China [1] - The facility's advanced production technology and automation are seen as a reflection of the capacity cooperation between China and Central Asian countries, with potential for similar projects in Tajikistan [1]