Azerbaijan's Azerikimya mulls petchem complex

15 September 2008 09:02  [Source: ICIS news]

MOSCOW (ICIS news)--Azerbaijan's state-run petrochemical holding company Azerikimya has begun a feasibility study on a planned petrochemical complex about 30 km from the country’s capital Baku in Sumgait, it said on Monday.

 

The planned complex would comprise facilities to produce 800,000 tonnes/year of urea, 700,000 tonnes/year of low density polyethylene (LDPE) and high density PE (HDPE), 130,000 tonnes/year of polypropylene (PP) and 40,000 tonnes/year of benzene, the company added.

 

No financial details were disclosed.

 

Although Azerbaijan produces sizable volumes of crude oil and natural gas, the country's petrochemicals output is relatively low.

 

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By: Sergei Blagov
+44 20 8652 3214

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