Azerbaijan is beginning to address major infrastructural constraints with a view to becoming a significant petrochemicals producer. Capacity utilisation at existing plants is restricted by lack of investment and maintenance, as well as the predominance of old and environmentally damaging technology. Projects outlined by the economy ministry are formulated based on prospective export markets. However, BMI believes that the industry is highly underdeveloped and there is a gap between the country’s petrochemicals ambitions and available feedstock. The focus in 2013 will be on the new export-oriented 560,000 tonnes per annum (tpa) methanol production facility, which came onstream in Q113 and …
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