Baku, Azerbaijan, Oct. 13
By Maksim Tsurkov – Trend:
The methanol plant of Azerbaijan’s state oil company SOCAR will be stopped for scheduled overhaul in November, Elnur Mustafayev, head of SOCAR Methanol LLC, told reporters in Baku.
He said that the overhaul is required to ensure activity of SOCAR Methanol LLC.
“According to plans, the overhaul will last four months, until March 2018,” Mustafayev said.
Production at Azerbaijan’s methanol plant, the only plant of this kind in the South Caucasus and Central Asia, started in January 2014. Currently, 95 percent of its products are exported.
The plant’s maximum annual capacity is 720,000 tons. SOCAR acquired the plant from the Aqrarkredit non-bank credit organization. The plant cost was estimated at $520 million.