Azerbaijan's SOCAR plans new urea plant in Georgia

10 April 2012 16:42  [Source: ICIS news]

MOSCOW (ICIS)--The State Oil Company of Azerbaijan Republic (SOCAR) plans to build a urea plant in neighbouring Georgia, the company said on Tuesday.

The plant would have a capacity of 700,000 tonnes/year, SOCAR CEO Rovnag Abdullayev said.

The facility would export urea to Turkey and other Black Sea markets, he said. SOCAR did not reveal the projects estimated cost and timeframe.

Earlier this year, the company said it plans to build a 700,000 tonne/year urea plant in Sumgait, Azerbaijan, near the premises of its petrochemical subsidiary, Azerikimya.

In December 2010, SOCAR announced plans to increase the production capacities of Azerikimya to 350,000 tonnes/year of polyethylene (PE) and 320,000 tonnes/year of polypropylene (PP).

Currently, the Azerikimya facilities can produce 200,000 tonnes/year of PE and about 200,000 tonnes/year of PP.

By: Sergei Blagov
+44 20 8652 3214

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