BAKU, Azerbaijan, November 30. The exports of products of Azerbaijan's SOCAR Polymer decreased by 16.98 percent from January through October 2022, Trend reports referring to the country's Center for Analysis of Economic Reforms and Communication.
According to the center, from January through October 2022, its value of export amounted to $163.8 million, down by $33.5 million compared to the same period the previous year.
SOCAR Polymer ranks second in the top 10 in terms of the value of non-oil products exported by state-owned companies in Azerbaijan.
The construction of SOCAR Polymer plants has become the first large-scale project of the country's petrochemical industry over the past 40 years.
The company’s production facilities consisting of polypropylene (PP) and high-density polyethylene (HDPE) plants are located on the territory of the Sumgait Chemical Industrial Park (SCIP).
The PP and HDPE plants were commissioned in 2018 and 2019, respectively.