Azerbaijan, Uzbekistan Consider JV For Polypropylene Production (Exclusive)
Date
9/28/2024 5:11:56 AM
(MENAFN- Trend News Agency)
BAKU, Azerbaijan, September 28. Azerbaijan and
Uzbekistan are exploring the possibility of establishing a joint
venture to produce polypropylene, a reliable source told Trend .
"There is potential for collaboration with SOCAR Polymer to set
up a joint facility for producing polypropylene and high-density
polyethylene at the Khorezm Technopark," the source revealed.
According to the source, projects aimed at producing propylene
from methanol, as well as butanediol, polyoxymethylene, and other
chemical products, are currently being developed in cooperation
with Azerbaijan's state oil company SOCAR.
Uzbekistan is home to 21 chemical production enterprises,
including major players like Navoiazot, Maxam-Chirchik, Fargonazot,
Ammofos-Maxam, and the Dekhkanabad Potash Plant. Together, these
companies generate more than $1.5 billion in output, with exports
reaching $500 million.
Azerbaijan, on the other hand, hosts over 100 chemical
enterprises, with the Sumgait Chemical Industrial Park leading the
way. The park has 31 resident companies and a total investment
volume of $3.3 billion.
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