ABOUT

SOCAR Polymer, the project of international standing,is the first of its kind and scale in the petrochemical industry, implemented in Azerbaijan over the past 40 years.

SOCAR Polymer was incorporated on July 16, 2013 in order to reinforce development of chemical industry of the country. The company’s production facilities consisting of Polypropylene (PP) and High Density Polyethylene (HDPE) plants are being built on the site of the Sumgayit Chemical Industrial Park (SCIP). 180 KTA production capacity of PP plant and 120 KTA capacity of HDPE plant will start operations in 2018.

180.000 120.000
Polypropylene High-density polyethylene
The main goal of establishment of the SCIP is acceleration of economic development of Azerbaijan, increasing competitiveness in comparison with other countries that are leading in terms of development of innovative industries. SCIP supports innovative industrial initiatives by extensive tax exemptions, and provides full infrastructure support and single point approach on all permitting issues.
Tax exemptions
Full infrastructure support
Single window approach

PP and HDPE plants are under the construction within the territory of SCIP. SCIP supports innovative industrial initiatives in Azerbaijan via tax exemptions, full infrastructure support and single window approach on all permitting issues

Project investment structure
750$ mlnProject cost
60%Gazprombank loanNon recourse project financing
40%Equity
Share capital structure
Azersun Holding Gilan Holding Pasha Holding 70%SOCAR
Public private partnership
Project progress status
Disciplines/Cummulative
Progress
Detailed Engineering
0
Procurement Orders
0
Subcontracting
0
Material Supply - Manufacturing and Delivery
0
Construction
0
Overall
0

Polypropylene and High Density Polyethylene plants of SOCAR Polymer will be the first of its kind in Azerbaijan, enabling the country to grow its petrochemical industry through development of production for this segment of plastics market.

In order to execute the project SOCAR Polymer has engaged an EPC contractor, Italian engineering company Tecnimont. Another leading engineering company, Fluor, was attracted as PMC contractor to supervise EPC contractor’s work. Another goals of PMC contractor is to develop local engineers. To do so the integrated project management team (IPMT) has been established. Fluor has introduced special professional development programs and provide specialized trainings for local engineers and other employees in Amsterdam, Milan and Mumbai.

SOCAR Polymer is the first project in Azerbaijan which is being realized on the basis of non-recourse project financing principles, without a guarantee of the parent company.

Realization of SOCAR Polymer project will create multiplication effect in many important sectors of Azerbaijan economy and therefore, a huge number of working places will occur.