AZMECO is a dynamic company founded in 2007 in Azerbaijan to invest in petrochemical projects as an owner and operator. The company is wholly privately owned and leads the way in development, implementation and project financing of large projects in Azerbaijan. In addition to its portfolio of international hydrocarbon investments in the Caspian basin, AZMECO has a master plan of investment in Azerbaijan, construction of the Karadagh Methanol Plant. The Methanol Plant project is currently under construction stage. Commissioning of the methanol plant is planned in the second half of 2012.