17 May 2012 07:02 [Source: ICIS news]
KUALA LUMPUR (ICIS)--The 560,000 tonne/year methanol plant being built by Azerbaijan Methanol Company (AzMeCo) near Baku is now expected to be up and running in 2013 or 2014, a consultant said on Thursday.
That timeframe would be later than industry expectations that the much-delayed plant would finally get started this year.
According to the company's website, "commissioning of the methanol plant is planned in the second half of 2012".
AzMeCo had originally expected the plant in the Garadag region to come on stream by the end of 2011. The facility is a reconstruction of a plant that was relocated from the US Gulf.
The 2013-2014 forecast came in a presentation about Russia and other former Soviet Union countries by John Bonarius, a senior director at information provider IHS, to the annual Asia Petrochemical Industry Conference (APIC).
Bonarius did not elaborate on the reasons for the prediction.
He noted that methanol is the only petrochemical that the former Soviet states export in significant amounts.
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