BAKU, Azerbaijan, July 19. Azerbaijan exported 231,250 tons of methanol from January through June 2024 against 211,750 tons in the same period of 2023, Trend reports via the State Customs Committee (SCC).
Revenue from methanol exports remained stable at approximately $46 million.
SOCAR Methanol LLC, part of the State Oil Company of Azerbaijan, produced 250,300 tons of methanol from January to June 2024, a 16.6 percent increase compared to the same period in 2023.
SOCAR has managed this enterprise since 2014, making it the only methanol producer in the South Caucasus.
At peak capacity, the facility can produce around 720,000 tons per year.