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Caspian Energy Journal Caspian European Club
Tuesday, 19 February 2019 11:00

High Density Polyethylene Plant inaugurated in Sumgayit

High Density Polyethylene Plant inaugurated in Sumgayit

President of the Republic of Azerbaijan Ilham Aliyev has attended the inauguration of the High Density Polyethylene Plant of the SOCAR Polymer project in Sumgayit, Caspian Energy News (www.caspianenergy.net) reports with reference to the press office of the President of the Republic of Azerbaijan.

It stands to mention that the SOCAR Polymer project is the first in its form and size project implemented in the petrochemical industry of Azerbaijan over the past 40 years. SOCAR Polymer was founded in 2013 to accelerate the chemical industry development in Azerbaijan. The foundation of SOCAR Polymer plants based on advanced technologies was laid on October 25, 2015. President Ilham Aliyev attended the ceremony. The polypropylene plant under SOCAR Polymer was opened on July 18, 2018. Ilham Aliyev, President of Azerbaijan and Italian president Sergio Mattarella, who was on an official visit to Azerbaijan, attended opening ceremony. The polypropylene plant’s first export product was delivered to Turkey last October. Today, the High Density Polyethylene Plant is fully operational.

According to preliminary estimates, SOCAR Polymer plants will produce 184,000 tonnes of 10 varieties of polypropylene and 120,000 tonnes of 4 high-density polyethylene varieties. Now SOCAR's new industrial complex will fully meet the demand of the domestic market and export the remaining 75% of the product to the Turkish and European markets.

SOCAR Polymer is the first petrochemical company in Azerbaijan based on a public-private partnership.

More details: https://en.president.az/articles/31894

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