SOCAR signs contract on polyethylene plant construction project
Azerbaijan’s state oil company SOCAR signed a contract on February 5 with Italy’s Maire Tecnimont SpA for execution of an engineering procurement construction (EPC) contract to build a polyethylene plant.
The plant is to be built as part of SOCAR Polymer project.
The contract, worth $180 million, was signed by SOCAR President Rovnag Abdullayev and Chairman of the Maire Tecnimont’s Board Fabrizio Di Amato.
Addressing the signing ceremony, Abdullayev said a facility for high density polyethylene production will start operating in 2016.
The contract stipulates provision of full technical services, logistics, installation and construction works before the plant’s commissioning, as well as conducting performance tests.
The SOCAR Polymer project is being implemented at the Sumgait Chemical Industrial Park.
The project will make it possible to produce 180,000 tons of polypropylene and 120,000 tons of polyethylene a year.
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