Baku, Azerbaijan, July 30
By Ilkin Shafiyev – Trend:
The work on the construction of a polyethylene factory in the framework of the SOCAR Polymer project has been implemented by 97 percent, the General Director of "SOCAR Polymer" LLC Farid Jafarov told Trend.
"The polyethylene factory is planned to be launched by December this year. Start-up work will begin in November-October. That is, it will be possible to proceed to production as early as in December. These are our current plans. The overall progress to date is about 97 percent. The construction work has almost been completed," Jafarov said.
He also noted that, it is planned to produce about 40,000 tons of polypropylene this year.
"The planned shutdown of the Heydar Aliyev oil refinery and the enterprises of the Azerkimya Production Association has been scheduled for October-November this year. So we can carry out production in August, September and December," Jafarov said.
The SOCAR Polymer project is being implemented at the Sumgayit Chemical Industrial Park. The production capacity of SOCAR Polymer factory at the first stage will amount to 120,000 thousand tons of polyethylene and 180,000 tons of polypropylene. The total capacity of the factory can reach 570,000 tons of products by 2021.
The factory will produce 19 types of products made of polypropylene and 12 types of products made of high-density polyethylene. The products will be used, in particular, in the food and medical industry, as well as in agriculture and automobile production.
The total investment costs of the project are estimated at $816 million. The credit in the amount of $489 million has been allocated to SOCAR Polymer by Russian "Gazprombank" for a period of 10 years.
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