A polypropylene unit of Azerbaijan’s SOCAR Polymer plant for the production of polypropylene and polyethylene has been constructed by 70 percent, SOCAR Polymer financial director Fuad Ahmadov said.
Ahmadov made the remarks during the conference titled "The 2nd SOCAR International Caspian and Central Asia Downstream Forum – Trading, Logistics, Refining, Petrochemicals" in Baku Apr. 27.
He added that a polyethylene unit of the plant has been constructed by 26 percent.
Ahmadov said that the plant's polypropylene unit will be put into operation in January-March 2018, while the polyethylene unit - in July-September 2018.
He added that 25 percent of the plant's products will be supplied to the domestic market, while 70 percent - for export to Turkey, Europe and the CIS countries.
The total cost of the SOCAR Polymer project is $750 million. The project is being implemented in the Sumgait Chemical Industrial Park.
At the first stage, the production capacity will reach 120,000 tons of polyethylene and 180,000 tons of polypropylene. By 2021, the total capacity can reach 570,000 tons of products.