Thursday, 16 May 2013

Azerbaijan Petrochemicals Report Q3 2013

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Azerbaijan Petrochemicals Report Q3 2013
May 15th 2013, 00:00

Azerbaijan is beginning to address major infrastructural constraints with a view to becoming a significantpetrochemicals producer. Capacity utilisation at existing plants is restricted by lack of investment andmaintenance, as well as the predominance of old and environmentally damaging technology. Projectsoutlined by the economy ministry are formulated based on prospective export markets. However, BMIbelieves that the industry is highly underdeveloped and there is a gap between the country''s petrochemicalsambitions and available feedstock.The focus in 2013 will be on the new export-oriented 560,000 tonnes per annum (tpa) methanol productionfacility, which came o...

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