Petrochemical Complex Azerbaijan to Invest 14 Billion Dollar in Petrochemical Complex
Azerbaijan has huge gas and crude oil reserves. But its processing facilities are not up to date. Azerbaijan's state energy company Socar plans to construct an modern oil, gas and petrochemicals processing complex.
Baku/Azerbaijan — According to Reuters the new complex will replace Azeri state energy company Socars two ageing downstream refineries — the Baku and Azerneftyag oil refineries — as well as the Garadagh gas processing plant and the facilities of chemicals firm Azerikimya. It will be built at Sangachal, 60 kilometres (37 miles) south of Baku, where Azerbaijan's main oil and gas pipelines reach the Caspian Sea.
The new petrochemical complex will allow the country to profit from processing oil rather than just exporting it. The Petrochemical complex will produce 900,000 tons of polymer products — ethane and propane made in the nearby gas processing plant are used as feedstock.
Steam cracking units produce near Baku basic materials for plastics, paints, solvents or plant protection products. The complex will comprise processing plants for ethylene and propylene as well as High-Density Polyethylene (HDPE), Linear Low-Density Polyethylene (LLDPE/HDPE), Polypropylene (PP) and Butene-1. The Petrochemical complex, gas processing plants and a 250-MW-power-station should be an stream until 2021, the refinery until 2030.
Fluor, which was chosen by Socar via tender, is a unit of Fluor Corp, a publicly traded engineering, procurement, construction, maintenance and project management companies. Fluor will choose subcontractors to carry out engineering works.