SOCAR wants free industrial zone status for Georgia urea plant

23 August 2012 16:59  [Source: ICIS news]

LONDON (ICIS)--The State Oil Company of the Azerbaijan Republic (SOCAR) hopes the Georgian economy ministry will grant free industrial zone status to the site where it plans to build a urea plant, SOCAR said on Thursday.

Latest plans for the 700,000 tonne/year urea installation, to be located between the ports of Poti and Kulevi on the Black Sea coast, envisage the status being granted before the end of this year with construction of the plant and infrastructure subsequently starting in 2013, SOCAR added.

SOCAR intends to build two identical urea plants, namely the plant in Georgia and another in Sumgait, in the company's neighbouring home country of Azerbaijan, near the premises of its petrochemical subsidiary, Azerikimya.

The urea output from the plant in Georgia, as well as about one-half of the urea production — in all, just over 1m tonnes per year — from the installation in Azerbaijan should be sold on the Turkish and other Black Sea regional markets, with the remainder earmarked for home sales, SOCAR said.

The company has not disclosed the estimated cost of the two urea plants.


By: Will Conroy
+44 20 8652 3214



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index