Period Determined for Construction of Methanol Plant in Azerbaijan

Oil&Gas Materials 20 November 2008 20:14 (UTC +04:00)

Azerbaijan, Baku, 20 November /corr. Trend E.Ismaylov/ The construction of the methanol production plant, operator of which is the Azmeco Company, is planned to be completed in the first half of 2010, the Company said on 20 November.

The annual production capacity of the new enterprise will be 500,000 tons of methanol. The technologies of production from the USA, Europe and Russia will be used for the construction of plant. The ready products will be transported to the ports of Black Sea for further sale in the world markets, website of the company says.

The project is realized with the participation of the European Bank for Reconstruction and Development and Nord Bank. The conformity the project with the world ecological standards is inspected by the companies Dappolonia (Italy) and Jacobs (England).

Azmeco Company was established in 2007 in Azerbaijan and is the operator of the project on construction and operation of methanol plant production.

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