High-density polyethylene plant constructed within SOCAR Polymer project
Published by Laura Dean,
Deputy Editor
Hydrocarbon Engineering,
On February 18, the high-density polyethylene plant was officially opened within SOCAR Polymer project in the Sumgayit Chemical Industry Park. The opening ceremony was attended by the President of the Republic of Azerbaijan Ilham Aliyev, SOCAR senior officials and representatives of the companies involved in the construction of SOCAR Polymer plants.
According to preliminary plans, SOCAR Polymer plants will produce 184 000 t of 10 varieties of polypropylene and 120 000 t of 4 high-density polyethylene varieties. During the operation period, the plants are expected to bring $6.6 billion revenues, 30 percent of which will be the company's net profit. In addition, SOCAR Polymer is expected to pay a total of US$600 million taxes to the state.
Read the article online at: https://www.hydrocarbonengineering.com/petrochemicals/20022019/high-density-polyethylene-plant-constructed-within-socar-polymer-project/
You might also like
The Hydrocarbon Engineering Podcast - Overcoming downstream challenges with new technology
In this episode of the Hydrocarbon Engineering Podcast, Omar Sayeed, Centre of Excellence Leader for Reliability, and Rahul Negi, Director of AI and Industrial Autonomous, Honeywell Process Solutions, consider how new, innovative technology can help to overcome some of the challenges facing the downstream oil and gas sector.
Tune in to the Hydrocarbon Engineering Podcast on your favourite podcast app today.
