Home / Knowledge / News / Textiles / Azerbaijan plans new polypropylene plant
Azerbaijan plans new polypropylene plant
06
May '13
The State Oil Company of Azerbaijan (SOCAR) is planning to produce polypropylene at a new plant to be set up at SOCAR sub-company Azerikimya Production Union. 
 
Funds raised in 2013 through Eurobonds by the company will be utilized for the construction of this plant along with other projects of the company, stated Suleyman Gasimov, the SOCAR Vice President of Economic issues, abc.az reported.
 
Mr. Gasimov said that out of US$ 1 billion borrowed by the company, US$ 400 million is assigned for various expansion projects, including the polypropylene production plant at Azerkimya.
 
Polypropylene, a petrochemical by-product, is widely used in the textile industry as a raw material for making acrylic staple fibre, used in making blended fabrics.
 
SOCAR also plans to develop tanker export of liquid propylene, started in 2012.
 
In addition to exploring oil and gas fields, SOCAR produces, processes, and transports oil, gas, and gas condensate; markets petroleum and petrochemical products in domestic and international markets; and supplies natural gas to industry in Azerbaijan.
 
It has three production divisions, two oil refineries and one gas processing plant, an oil tanker fleet, a deep water platform fabrication yard, two trusts, one institution, and 22 subdivisions.
 
Moreover, the company has also entered into joint ventures in Georgia and Turkey. 
 

Fibre2fashion News Desk - India

Must ReadView All

President Tsai Ing-wen delivering remarks before boarding her plane bound for Central America. Courtesy: Presdient's office

Textiles | On 16th Jan 2017

‘Textiles at centre of Taiwan’s new trade arrangements’

Textiles should be at the heart of Taiwan’s thinking while developing ...

Apparel/Garments | On 16th Jan 2017

Ralph Lauren develops policy on tracking wood based fabrics

In a bid to trace source of wood based fabrics like viscose and rayon ...

Apparel/Garments | On 16th Jan 2017

EC proposes enhanced market access for Sri Lanka

The European Commission (EC) has proposed that a significant part of...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Pratik Bachkaniwala
Palod Himson Machines

Fabric processing machines are picking up

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search