Azerbaijan sees 2.3-fold rise in revenues from polyethylene exports

In 2021, Azerbaijan exported 139,325 tons of polyethylene in primary forms worth $175.429 million, up 25.9% and 2.26-fold million from the previous year, Report informs, citing the State Customs Committee.

In the reporting period, the polyethylene exports accounted for 0.79% of Azerbaijan’s total exports, for 6.47% of exports on the non-oil sector.

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.