SOCAR-Polymer

Turkish company Tekfen Holding acquired a 10% stake in SOCAR Polymer, with 5% from SOCAR and 5% from Pasha Holding. SOCAR Polymer operates a complex in Azerbaijan producing polypropylene and high-density polyethylene, with total investment of about $816 million.

SOCAR Polymer delivered the first batch of polypropylene to the Waterfall plant in Volgodonsk, Rostov Oblast, for production of biaxially oriented film. The total supply value is estimated to exceed 1.5 billion rubles.

SOCAR Polymer has begun supplying polypropylene to Volgodonsk in Russia's Rostov Oblast for packaging film. The first shipment has been delivered, and the total supply cost will exceed RUB 1.5 billion.

SOCAR Polymer LLC, a subsidiary of Azerbaijan's state oil company, will reach full capacity in high density polyethylene production by 2023, with planned output of 120,000 tons. The company also operates a polypropylene plant with design capacity of 184,000 tons per year.

Tecnimont and Kinetics Technology, subsidiaries of Maire Tecnimont, signed an EPC contract with Socar Polymer for a 120,000 t/yr polyethylene plant at the Sumgayit Petrochemical Complex in Baku, Azerbaijan. The contract is valued at around $180 million.

SOCAR Polymer LLC plans to sell products worth $350 million annually from its plants at the Sumgayit Chemical Industrial Park. The production capacity at the first stage will be 120,000 tons of polyethylene and 180,000 tons of polypropylene, with total capacity potentially reaching 570,000 tons by 2021. Total investment costs are $816 million.

SOCAR Polymer LLC started up a 180,000-tonne/year polypropylene plant in Sumgait Chemical Industrial Park, Azerbaijan, built by Maire Tecnimont. The project also includes a 120,000-tpy HDPE plant under construction.

Maire Tecnimont, through its subsidiaries, officially opened a new polypropylene plant for SOCAR Polymer in Sumgayit, Azerbaijan, with a capacity of 180,000 tons per year. The overall value of this and a related HDPE plant is approximately USD 500 million.

SOCAR Polymer's polypropylene plant in Sumgayit Chemical Industrial Park, Azerbaijan, is expected to be commissioned in June 2018 with a capacity of 180,000 tonnes per year. The high-density polyethylene plant is expected by year-end 2018.

SOCAR Polymer LLC announced that its polypropylene production plant in Sumgayit Chemical Industrial Park, Azerbaijan, is expected to start operations in May 2018, with a capacity of 180,000 tons per year. A high-density polyethylene plant is expected to start in Q3 2018 with a capacity of 120,000 tons per year.

SOCAR Polymer's polypropylene and high-density polyethylene production facilities in Sumgayit Chemical Industrial Park are 70% and 45% complete respectively, with both to be operational in 2018.

SOCAR Polymer's polypropylene and polyethylene plant in Sumgait Chemical Industrial Park, Azerbaijan, is 70% complete for the polypropylene unit and 26% for the polyethylene unit, with total project cost of $750 million.

SOCAR Polymer, a subsidiary of SOCAR, plans to build a new plant for biaxially oriented polypropylene film (BOPP film) in the Sumgait Chemical Industrial Park, Azerbaijan, at an estimated cost of USD 32 million. The plant will use polypropylene from SOCAR Polymer's upcoming PP plant as raw material.

SOCAR Polymer is constructing polypropylene and high density polyethylene plants in Sumgait Chemical Industrial Park, Azerbaijan, with a total cost of $750 million. The plants are expected to be fully operational in 2018, with initial capacities of 120,000 tons of polyethylene and 180,000 tons of polypropylene.

SOCAR-Polymer is constructing a high-density polyethylene (HDPE) plant and a polypropylene (PP) plant in Sumgayit Chemical Industrial Park, Azerbaijan. Total investment is $750 million, with $340 million spent so far. The PP plant will start production in Q1 2018, and the HDPE plant in summer 2018.