Azerbaijan’s SOCAR aims for PP, LDPE production by 2014

18 April 2012 17:45  [Source: ICIS news]

LONDON (ICIS)--The State Oil Company of Azerbaijan (SOCAR) intends to launch polypropylene (PP) and low density polyethylene (LDPE) production by 2014, the company said on Wednesday.

Design work is under way for units that would supply raw material to a petrochemical industrial park to be developed at Sumgait, a city located by the Caspian Sea about 30km away from capital Baku, it added.

No planned capacities for the PP and LDPE units were currently available from SOCAR.

The park is being developed by state petrochemical producer Azerikimya, the ownership of which was transferred to SOCAR by presidential order in April 2010, and the Ministry of Economic Development.

Plants located within the industrial park would manufacture final products including packaging and plastics, SOCAR added.

SOCAR’s expansion plans for Azerikimya include initiatives to increase its ethylene (C2) and propylene (C3) capacities by two to three times.

Last week, SOCAR announced it had also linked up with global engineering and construction major Foster Wheeler to form a joint venture that will support initiatives enabling the construction of a planned $15bn (€11.4bn) refining-gas-petrochemicals complex, to be located near the Azerbaijani capital, Baku.

 ($1 = €0.76)

By: Will Conroy
+44 20 8652 3214

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