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The projects domestic petrochemical industry through the Night overview of the
SoCAr Polymer is a company aimed at the development of the plastics market, thus making petrochemical
development of the petrochemical industry of Azerbaijan a regional player in exporting plastic complex in Sumgayit,
Azerbaijan, founded by the Country’s Government on materials. SoCAr Polymer implemented the first Azerbaijan.
th
July 16 2013. project in Azerbaijan based on the non-recourse project
SoCAr Polymer’s production facilities, consisting of a financing principles, without a guarantee from the
polypropylene (PP) and a high-density polyethylene parent company. The implementation of the SoCAr
(HDPE) plants, are under construction within the Polymer project is expected to create a multiplication
territory of the Sumgayit Chemical Industrial Park effect in many important sectors of Azerbaijan’s
(SCIP), located about 30 km north of Baku, the capital economy.
and largest city of Azerbaijan.
Created in 2011, SCIP was set up to stimulate growth
in high-tech industrial fields in Azerbaijan. Its main goal Client
is to be an accelerator of economic development of SoCAr Polymer is a company incorporated under the
Azerbaijan by increasing competitiveness in comparison Azerbaijan Legislation as Limited Liabilities Company. It
with other regional countries. SCIP supports innovative is part of SoCAr, and its additional main stakeholders
industrial initiatives through extensive tax exemptions are Pasha Holding, Azersun Holding and Gilan Holding.
and provides full infrastructure support and single point It aims at implementing the new petrochemical industry
approach to permitting matters. in Azerbaijan and making Azerbaijan a regional player in
petrochemicals production.
Socar Polymer’s polypropylene (PP) and
high-density polyethylene (HDPE) plants
will be the first of their kind in azerbaijan, Licensors
enabling the growth of the domestic LyondellBasell, the world leader and largest
petrochemical industry, thus making the producer of polypropylene and advance
country a regional player in exporting polyolefin’s product for the HDPE plant, while
plastic materials Inspec Ethylene oxide Specialties (Ineos) one of

the top ten chemicals manufacturing companies
SoCAr Polymer’s PP and HDPE plants will be the first as measured by sales revenue, was chosen for the
of their kind in Azerbaijan, enabling the growth of the PP plant.

IndustrIal Plants - May 2018
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