Published on November 30, 2017
SOCAR Methanol LLC has decided to reduce its supplies of methanol to international market. The country will focus more on domestic supplies. At present only 5% of production was supplied for domestic purpose remaining 95% was directed for international supplies.
Production at Azerbaijan’s methanol plant, the only plant of this kind in the South Caucasus and Central Asia, started in January 2014.
The plant’s annual capacity is 650,000-700,000 tons. SOCAR acquired the plant from the Aqrarkredit non-bank credit organization.
