Azerbaijan more than doubles revenues from polypropylene exports
Business
- 31 August, 2021
- 10:06
In July 2021, Azerbaijan exported primary polypropylene worth $15 million, up 2.2-fold from the previous year, Report informs, citing the Centre for Economic Reforms Analysis and Communication.
In January-July 2021, Azerbaijan’s export of primary polypropylene amounted to $66.9 million, 43.3% more than a year earlier.
The SOCAR Polymer project includes polypropylene plants with an annual capacity of 184,000 tons and high-density polyethylene plants with a yearly capacity of 120,000 tons. The polypropylene plant was commissioned on July 18, 2018, with the participation of Azerbaijani President Ilham Aliyev and Italian President Sergio Mattarella. Export of polypropylene started on October 5.
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