SOCAR’s methanol plant eyes to expand storage capacity
Baku, Azerbaijan, Sept. 11
By Maksim Tsurkov – Trend:
SOCAR Methanol, operator of the Baku methanol plant, is studying the possibilities of expanding storage capacity in the plant’s territory, the company’s Deputy Director General Elnur Baghirov said in an interview with Trend.
He noted that currently, the capacity of the plant’s tanks for storing finished products is 48,000 tons.
“This is enough for continuous production and fulfillment of obligations to customers. Meanwhile, we consider the possibility of increasing the capacity of tanks for the storage of finished products in the plant’s territory, in connection with plans to further increase production. Storage capacities in the territory of ports, where the products are shipped from, meet our requirements,” Baghirov said.
Production at Azerbaijan’s methanol plant, the only plant of this kind in the South Caucasus and Central Asia, started in January 2014.
Its maximum annual capacity is 700,000 tons. The plant cost was estimated at 810 million manats.
SOCAR acquired the plant from the Aqrarkredit non-bank credit organization. The plant cost was estimated at 810 million manats.