Azerbaijan’s state oil company SOCAR and Italy’s Maire Tecnimont have signed a contract for the implementation of an engineering procurement construction (EPC) contract to build a polyethylene plant in Azerbaijan.
The contract, worth $180 million, was signed by SOCAR President Rovnag Abdullayev and the Chairman of Maire Tecnimont’s Board, Fabrizio Di Amato.
According to Abdullayev, a facility for high density polyethylene production will start operating in 2016. The contract stipulates provision of full technical services, logistics, installation and construction works before the plant’s commissioning, as well as conducting performance tests.
The SOCAR Polymer project is being implemented at the Sumgait Chemical Industrial Park. The project will make it possible to produce 180,000 tons of polypropylene and 120,000 tons of polyethylene a year.
