Axar.az
UP
18 December 2017


SOCAR Polymer will put into operation two units

Home page Economy
12 Punto 14 Punto 16 Punto 18 Punto

SOCAR Polymer Company in the first quarter of 2018, plans to put into operation a plant for the production of polypropylene, in the third quarter - a plant for high-density polyethylene.

Director General of SOCAR Polymer Farid Jafarov at the ongoing conference in Baku SOCAR "Caspian Sea and Central Asia: Trade, Logistics, Refining and Petrochemicals".

F.Jafarov noted that the installation will produce a total of 300 thousand tons of products per year, including 180 thousand tons of polypropylene and 120 thousand tons of high density polyethylene. Director General reminded that 30% of production is intended for sale on the domestic market, 70% for export to Turkey and Europe.

He said that 40% of the project funded by the shareholders, 60% by Russian OJSC "Gazprombank". He stressed that all of the project requirements have been completed.

Notably, SOCAR Polymer company established July 16, 2013 in order to accelerate the development of the chemical industry in Azerbaijan. Construction of complexes for the production of polypropylene (PP) and high density polyethylene (HDPE) is carried out on the territory of Sumgayit Chemical Industrial Park.

Date
2016.04.25 / 15:18
Author
Axar.az
Comments
loading...
See also

Bitcoin Hits Record High of $ 20,000

N.Korea behind cryptocurrency hacks

Bulgaria reportedly owns enough Bitcoin to pay off

Bitcoin 'will burst when there is no new money to feed it'

Bitcoin loses 5th of its value bounces back in 24 hours

Millions 'stolen' in NiceHash Bitcoin heist

Bitcoin soars by $4,000 in one day to $18,000

Bitcoin surpasses $15,000-mark!

Bitcoin climbs to $12,000

Bitcoin reportedly reaches nearly $12,000

Latest
 
Xocalı soyqırımı — 1992-ci il Bağla
Bize yazin Bağla
ArxivBağla