Poti FIZ to launch CPC production plant construction| MENAFN.COM

Saturday, 02 July 2022 01:51 GMT

Poti FIZ to launch CPC production plant construction


(MENAFN- Trend News Agency)

BAKU, Azerbaijan, April 27. Poti Free Industrial Zone (FIZ) will start producing calcined petroleum coke (CPC), CEO of Poti FIZ David Ebralidze said, Trend reports via Georgian media.

According to the CEO, the plant for the production will be built by Aza Carbon LTD, one of the companies operating at the FIZ. The investment cost of the project totaled $340 million.

Aza Carbon LTD plans to produce anode calcined petroleum coke, which is necessary in the aluminum industry for the production of anode blocks used in the smelting of raw aluminum.

'The company has already completed the first stage, which included the preparation of environmental impact assessments from the Ministry of Environmental Protection and Agriculture, and obtaining the relevant permit. In connection with this, they conducted all the necessary geodetic and geological surveys of the area,' Ebralidze said.

At this stage, the company is working with local construction companies on land preparation, which at the first stage envisages clearing the land of plants and then cultivating it, he added.

The factory will be built on 29.65 hectares of land at the FIZ. About 40-50 people will be employed during the construction phase, and about 150 people - during the operation phase.

---

Follow the author on Twitter: @mariiiakhm

Tags:
  • Georgia
  • CPC
  • construction sector
  • Poti

MENAFN27042022000187011040ID1104102556


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.