Baku, Azerbaijan, Oct. 6
By Maksim Tsurkov - Trend:
The SOCAR (State Oil Company of Azerbaijan) and the Russian Cryogenmash will sign a contract to build an air separation plant in Sumgait Chemical Industrial Park, a source on the oil and gas market of Azerbaijan told Trend Oct.6.
The source said that construction of such a plant is a very promising project.
"The air separation plant will be providing chemical plants constructed within the SOCAR Polymer project and other enterprises of the chemical industrial park with oxygen and nitrogen," said the source. "This project is implemented jointly with Cryogenmash, which is a part of the United Heavy Machinery Plants OJSC. The signing of agreements in this area is scheduled for early 2016."
The Decree of the President of Azerbaijan on the establishment of the Sumgait Chemical Industrial Park was issued in December 2011.
According to the Decree, the Ministry of Economic Development was instructed to implement measures that support the creation and development of production and processing areas related to chemical industry in the Sumgait Chemical Industrial Park in order to enhance the potential of chemical industry, establish private enterprises in the field and obtain competitive products from local raw materials.
SOCAR Polymer project is implemented in Sumgait Chemical Industrial Park. This project implementation will make it possible to produce 180,000 metric tons of polypropylene and 120,000 metric tons of polyethylene per year. Production of the propylene polymer is expected to begin in 2016. Most of the production will be sent to markets of Turkey and countries of Western Europe.
Edited by CN
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