Azerbaijan, Baku, Oct. 19 / Trend , N.Ismayilova /
An installation to capture carbon dioxide emissions in the atmosphere is to be commissioned at the only methanol production plant in Azerbaijan in November next year, AzMeCo chairman Nizami Piriyev told journalists today.
Construction of the plant is expected to be completed later this year when startup work will begin taking from three to five months. Methanol production is scheduled to begin in April and the plant will reach its designed capacity of 560,000 tons in June 2012.
Mr. Piriyev said: "A contract for the construction of this installation was signed this week.
Supposedly, it will be ready in seven months and commissioned in November next year."
Thanks to this installation, methanol production in the country will be increased up to 720,000 tons per year. The total project cost is $360 million and funding has been found.
The methanol plant will be the only one in the South Caucasus and Central Asia and will be commissioned in 2012.
AzMeCo was founded in November 2007. In addition to its portfolio of international hydrocarbon projects in the Caspian Sea basin, the company developed a master plan for investment in the Azerbaijani non-oil sector.