Azerbaijan to commission polypropylene plant in 2016
By Aynur Jafarova
Azerbaijan's polypropylene plant is set to start production in 2016.
The plant will be constructed in Sumgayit Chemical Technology
Park and SOCAR Polimer takes part in the construction project, Head
of the Azerkimya Production Association of Azerbaijan's state
energy company SOCAR Mukhtar Babayev told Trend Agency.
He also stressed as part of the construction project, most of the
equipment has already been delivered to the country and currently,
detailed designing and preparation of the construction area are
underway.
Touching on the construction of the plant for the production of
low pressure polyethylene, Babayev said this facility will be
commissioned in the beginning of 2017.
"Initial operational capacity of the polypropylene plant makes up
150,000 tons, and the plant for the production of low density
polyethylene-100,000 tons per year," he said.
The SOCAR Polimer enterprise with authorized capital of $51 million
has been established for the implementation of these projects. The
state energy company plans to keep its share in the project at 51
percent and the rest will be offered to privately owned
companies.
SOCAR has already transferred 25.5 million manats within the framework of increasing authorized capital of the facility, Babayev added.
SOCAR, which is keen on expanding operations in the retail oil products market abroad, is involved in exploring oil and gas fields, producing, processing, and transporting oil, gas, and gas condensate, marketing petroleum and petrochemical products in the domestic and international markets, and supplying natural gas to industry and the public in Azerbaijan