«SOCAR Polymer" can be offered to Japanese

One of the projects that have been proposed in Baku to Akira Amari,  the Minister of Economic Recovery, Taxes, and Social Security Reform, the Minister of State for Economic and Financial Policies of Japan, could become «SOCAR Polymer". On the eve of the visit of the Japanese delegation, headed by Akira,  on October 25 the President Ilham Aliyev took part in the groundbreaking ceremony of the high-density polyethylene plant in Sumgait, which will require $750 million investment. The same day, during the ceremony of commissioning new installation   for  ethylene-propylene plant  in the Production Association "Azerkimya" the president stressed the visit of his father Heydar Aliyev to Japan in 1998, during which he obtained the acquisition of the steam generator  complex, "which was written in the history of the country's petrochemical industry. "

The project «SOCAR Polymer" is the first large-scale project of this kind, which is carried out in the petrochemical industry in Azerbaijan over the past 40 years. It will produce several hundred thousand tons of polypropylene and high density polyethylene; 30 percent of the products will be supplied to the domestic market, and 70 percent - to the markets of Turkey and Evrope.-0-