08 October 2013 15:51 [Source: ICIS news]
LONDON (ICIS)--The State Oil Company of the Azerbaijan Republic (SOCAR) has put back the expected construction start date for its planned 700,000 tonne/year combined ammonia-urea installation in Georgia by one year to the end of 2014, the company said on Tuesday.
SOCAR is still involved in financing talks in relation to the plant, to be located between the ports of Poti and Kulevi on the Black Sea coast, while it has applied to the Georgian economy ministry for free industrial zone status to be awarded to the installation site.
In early September, SOCAR said that it was confident of launching a similar plant, which would be Azerbaijan's first combined ammonia-urea installation, by 2016, with Samsung Engineering having been appointed the main contractor.
Plans for the €500m ($676m) plant in Azerbaijan, to be constructed in Sumgait, near the premises of SOCAR's petrochemical subsidiary, Azerikimya, have also progressed with the selection of Denmark's Haldor Topsoe as licensor for the ammonia process design and technology, SOCAR said.
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