SOCAR’s new chemical plants to use Russian equipment
Baku, Azerbaijan, Oct. 6
By Maksim Tsurkov - Trend:
Russian-made equipment will be used at the Azerbaijani State Oil Company's (SOCAR) plants that produce polypropylene and high density polyethylene as part of a project of SOCAR Polymer, a source in Azerbaijan's oil and gas market told Trend.
As the source said, SOCAR bound the contractor - the Italian company Maire Tecnimont - to use, as part of the project, the equipment produced by the plants that are included to Russia's OMZ (United Heavy Machinery Plants).
"SOCAR believes that the modern economic realities have increased the competitiveness among enterprises in Russia, and we are confident in the high quality of equipment," said the source.
SOCAR Polymer's project is being implemented at the Sumgait Chemical Industrial Park.
The project will allow producing 180,000 tons of polypropylene and 120,000 tons of polyethylene a year.
It is expected to start the production of polypropylene in 2016, and the production of polyethylene in 2017.
The main part of the products is to be sent to the markets in Turkey and Western Europe.
Edited by SI
Follow the author on Twitter: @MaksimTsurkov