Azerbaijan Polyolefins Exported PE PP
Azerbaijan Polyolefins Exported
Azerbaijan in January-April exported PE and PP by almost USD60.5 million
MOSCOW – Azerbaijan exported 80 thousand 553.38 tons of polymer products in the first four months of this year, the State Customs Committee (SCC) told Interfax-Azerbaijan Agency.
“In January – April 2020, the export of plastic and its products amounted to 80 thousand 553.38 tons to USD60 million 482.46 thousand, increasing by 18.9% compared to the same period last year in physical terms, and in cost – a decrease of 2.5%, “the State Customs Committee said.
At the same time, the share of these products in total exports during the reporting period amounted to 0.96%, in the structure of non-oil exports – 11.02%.
According to the committee, in the total export of plastic and its products in January – April 2020, the supply of polyethylene (PE) in primary form accounted for 45 thousand 581.33 tons for USD29 million 826.52 thousand, polypropylene (PP) in primary form – 31 thousand 694.82 tons per USD26 million 454.31 thousand
Earlier, it was noted that in Azerbaijan software is produced at the SOCAR Polymer plant, commissioned on July 18, 2018. Azerbaijan Polyolefins Exported
The design capacity of the plant is 184 thousand tons of PP per year. And the plant for the production of low-pressure polyethylene (HDPE) with a capacity of 120 thousand tons per year was launched on February 18, 2019.
In general, the plants of SOCAR Polymer, the subsidiaries of the state oil company of Azerbaijan SOCAR, are designed to produce 10 types of PP and 4 types of HDPE. SOCAR Polymer’s revenues from these plants over the period of activity are expected to reach USD6.6 billion, net profit will be USD1.98 billion. Azerbaijan Polyolefins Exported
For the entire period of operation of the plants, tax deductions to the state budget of Azerbaijan will amount to USD600 million.
It was also reported that most of the batches of PE and PP produced at SOCAR Polymer are exported. So, Azerbaijan exports these products mainly to Turkey, Russia, Ukraine, Belarus, Poland and Lithuania. Azerbaijan Polyolefins Exported
Azerbaijan also produces high-pressure polyethylene at the Ethylene-Polyethylene plant of the SOCAR Azerimimiya production association in the amount of over 60,000 tons per year.
SOCAR Polymer was established by the State Oil Company of Azerbaijan. Currently, SOCAR’s share in the company’s capital is 57%. Among the shareholders are also Vitol Black Sea VL L LLC, Ecoland LLC and a number of other companies.
Author: Margarita Volkova