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Azerbaijan registers increase in SOCAR Polymer company’s export of products in Jan. 2022

Economy Materials 28 February 2022 16:54 (UTC +04:00)
Azerbaijan registers increase in SOCAR Polymer company’s export of products in Jan. 2022

BAKU, Azerbaijan, Feb. 28

By Sadraddin Aghjayev - Trend:

Azerbaijan’s SOCAR Polymer increased the export of products by 64.62 percent in January 2022 compared to January 2021, the Azerbaijani Center for Analysis of Economic Reforms and Communication told Trend.

During the reporting period, SOCAR Polymer became one of the leaders of the Azerbaijani state sector in terms of export. The company's export of products amounted to $24.2 million in January 2022, which is $9.5 million more than in January 2021.

The construction of SOCAR Polymer plants has become the first large-scale project in the Azerbaijani petrochemical industry over the past 40 years.

The company's production facilities consist of two plants for the production of polypropylene and high-density polyethylene, located on the territory of the Sumgait Chemical Industrial Park. They were commissioned in 2018 and 2019 respectively.

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