The representatives of one of the leading companies of the Russian Federation in the petro-chemical industry, "Shekinazot” Joint Chemical Company visited Azerbaijan. During their visit the guests also visited the region's first methanol plant in Garadagh, owned by "AzMeCo”. The delegation, headed by Mr. Boris Sokol, the General Director of the company, got acquainted with the Azerbaijani Methanol Project. Afterwards, a meeting was held between the representatives of "Shekinoazot" and "AzMeCo”. During the meeting they discussed the possibilities of further cooperation between two companies, and stressed the importance of methanol production for the economy of each country.
General Director of "Shekinoazot" LLC Joint Chemical Company, Mr. Boris Sokol said the following about Azerbaijan Methanol Project: "AzMeCo company created the first methanol production plant in Azerbaijan. Within the framework of the strategic development plan of the country aimed at diversifying the economy, this project is extremely important and will certainly result in success.
The professionalism of the team for the work done within the framework of the implementation of the project should be particularly emphasized. This team managed to build a methanol plant without a major international contractor. Special attention was paid to the internal structure of the plant. Besides, the social aspect is also an important factor, because the launch of the new production area will create hundreds of new jobs. Methanol has a huge potential as an environmentally-friendly fuel of the future. Thus, methanol fuel vehicles produce less amount of carbonic acid gas, a lot less carbohydrates and much less NOx compounds in comparison with petrol counterparts ”.
"Shekinoazot" Joint Chemical Company is engaged in the production of chemical products, engineering plastics, high-strength synthetic fibers and nonwoven materials and their sale in Russian and European markets. The company is one of the leaders in the production of chemical products (methanol, caprolactam, sulfuric acid, iquid technical ammonia, ammonium sulphate, oxygen) and chemical industry equipment.
"Shekinoazot" occupies a leading position among the leading Russian companies operating successfully in domestic and global markets of chemical raw materials and products. High management of "Shekinoazot" is included in the TOP-200 of the best management teams of Russia.
AzMeCo is a dynamically developing company founded in 2007 in Azerbaijan to invest in petrochemical projects as the owner and operator. AzMeCo is a completely private company leading in the sphere of development, implementation and financing of major projects in Azerbaijan.
Annual production capacity of the methanol plant is 720 thousand tons. Methanol plants are considered the most environmentally friendly and safe productions in the chemical industry. The total cost of this unique project is 350 million manat.
