Home / Knowledge / News / Textiles / Azerbaijan's first methanol plant becomes operational
Azerbaijan's first methanol plant becomes operational
08
Jun '13
The first methanol plant in the Caucasus region, owned by Azerbaijani Methanol Company (AzMeCo), is now operational, Chairman of the board of directors of AzMeCo, Nizami Piriyev, has said.
 
Mr. Piriyev said the current capacity of the plant is more than 65 metric tons and its first dispatch is expected within two months, abc.az reported.
 
AzMeCo has already signed a deal with the BP regarding the sale, purchase and marketing of the methanol produced at the new plant. As per the deal, signed during the Caspian Corridor Conference held in London last year, BP holds the vendor status for the entire output.
 
The construction of the new plant has been achieved with an investment of about US$ 350 million.
 
AzMeCo, founded in 2007, is a firm that invests in the petrochemical projects of Azerbaijan, as an owner and operator. In addition to its portfolio of international hydrocarbon investments in the Caspian basin, AzMeCo created a master plan of investment in the construction of the Karadagh Methanol Plant.
 

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: Li & Fung

Textiles | On 29th Mar 2017

Li & Fung introduces new 3-year plan 2017-2019

Li & Fung Limited has outlined its next Three-Year Plan (2017-2019)...

Courtesy: Carrington

Apparel/Garments | On 29th Mar 2017

Carrington Workwear signs JV with TMG Textiles

Carrington Workwear, one of the largest producers of workwear fabrics ...

Apparel/Garments | On 29th Mar 2017

Jabong launches Aeropostale on its platform

Jabong has added leading American high-street fashionwear brand,...

Interviews View All

Neel Sawhney
One Friday

‘The share of kidswear segment in the online sector is still small in...

Abhishek Samdaria
Reflete

GST will certainly reduce a lot of paperwork in future

Smith Vaghasia
Sanado India

Online remains the best destination for shopping

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Judy Frater
Somaiya Kala Vidya

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

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

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
March 2017

March 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