MOSCOW (MRC) -- INEOS Technologies is pleased to announce that it has licensed its Innovene S Process for the manufacture of medium density and high density polyethylene to SOCAR Polymer for their HDPE project in the Chemical Industrial Park located in Sumgait, Azerbaijan, said the producer in its press release.
The Innovene S HDPE plant will produce a wide range of polyethylene grades to serve the growing demand for high performance products.. These grades include commodity grades made from Ziegler and Chrome catalysts as well as speciality grades such as bimodal PE 100 pipe products.
Peter Williams, CEO of INEOS Technologies, commented: "INEOS is very pleased to support the development of the petrochemical industry in Azerbaijan and looks forward to working with SOCAR Polymer to deliver a first class manufacturing asset"SOCAR Polymer is a subsidiary of the State Oil Company of the Azerbaijan Republic (SOCAR). The entity was formed at the end of 2013 to run investments at the Sumgait Chemical Industrial Park, a production park which intends to become a chemical hub in central Asia.
As MRC informed earlier, SOCAR-Polymer signed an EUR350 mln-agreement on construction of Sumgayit polypropylene (PP) plant at the Azerbaijan-Italy business meeting on 15 April, 2015.
SOCAR Polymer is a subsidiary of the State Oil Company of the Azerbaijan Republic (SOCAR). The entity was formed at the end of 2013 to run investments at the Sumgait Chemical Industrial Park, a production park which intends to become a chemical hub in central Asia.
INEOS Technologies is a leading developer and licensor of technologies for the global petrochemicals industry. It offers the broadest range of petrochemical technologies on the market today and also supplies catalysts, additives and coatings that our customers require to obtain the best possible performance from their investments.
MRC