BAKU, Azerbaijan, Feb. 4
By Nargiz Ismayilova - Trend:
SOCAR Polymer LLC of Azerbaijan's State Oil Company SOCAR exported about 77,000 tons of polypropylene and more than 7,000 tons of high density polyethylene in 2019, Deputy Head of Public Relations and Event Organization Department of SOCAR Ibrahim Ahmadov told Trend.
The expansion of export geography towards Europe is expected in 2020.
"The timeframe will be determined by our production and technical readiness and reaching an agreement on price. Depending on the dynamics of demand in the markets, the possibility of entering the markets of Pakistan and India is being considered, which however, has not yet been finalized. The greatest benefit comes from exports to Russia, Belarus, and Ukraine. This direction is the priority of SOCAR Polymer at the moment," Ahmadov said.
“In 2020, we are going to double production compared to 2019,” the deputy head said.
SOCAR Polymer was founded on July 16, 2013 in order to reinforce the development of the chemical industry of the country. The company’s production facilities consisting of Polypropylene (PP) and High Density Polyethylene (HDPE) plants are located within the territory of the Sumgayit Chemical Industrial Park (SCIP). The PP and HDPE plants were put into operations in July 2018 and February 2019, respectively.
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