BAKU, Azerbaijan, June 14. SOCAR Methanol LLC of the State Oil Company of Azerbaijan (SOCAR) produced 204,400 tons of methanol (methyl alcohol) from January through May 2024, which is 20 percent more than the indicator for the same period in 2023, Trend reports.
According to the State Statistics Committee of Azerbaijan, as of June 1, 12,500 tons of methanol were stored in the warehouses of "SOCAR Methanol".
To note, this enterprise has been on the balance sheet of SOCAR since 2014 and is the only producer of methanol in the South Caucasus.
Its production capacity is (at peak) about 720,000 tons per year.
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