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
Hydrocarbon Engineering Podcast
Susan Bell, Senior Vice President within Commodity Markets – Oil, Rystad Energy, discusses the impact of trade wars on global oil demand and oil prices, in light of President Trump’s ‘Liberation Day’ tariffs.
Inter Terminals Sweden initiates FEED for CO2 infrastructure
Inter Terminals Sweden (ITS) has initiated a FEED study for open access CO2 infrastructure at the Port of Södertälje, Sweden.
