SOCAR signs license agreements with Technip, Axens, others
On Dec. 20, technology license agreements were signed between SOCAR and Technip, Univation, Axens, and SinopecTech. The agreements envisage advanced processing of natural gas and production polymer products using technology as a part of SOCAR GPC project.
Under the agreement, SOCAR acquires a license to use technology within the framework of the project, while the companies granting that license to SOCAR provide engineering and design solutions for gas processing and gas chemical plants to be built in Garadagh, 15 km south of Baku.
It was stated that the project will be financed within the China's Silk Road Economic Belt project. SOCAR GPC project envisages export of natural gas and gas condensate produced from the processing of raw materials, C2+ fractions polymerisation, polyethylene and polypropylene products to Turkey, Western Europe, and China. Polyethylene exports are projected to start in 2022.
The new project includes construction of gas processing and gas-chemical plant with the annual capacity of 10 billion cubic metres, installation of gas-fired pyrolysis unit with the capacity of 610 thousand tons, polyethylene unit with the capacity of 600 thousand tons, including Butene-1 and Hexen-1 units which will operate within the gas-chemical plant, as well as establishment of a new thermal power plant to serve the plant and its facilities. Engineering, design, and construction of SOCAR GPC project will be implemented by the HQC.
The contracts were signed by SOCAR President Rovnag Abdullayev, Sinopec Deputy General Manager for Technical Issues Zhu Yinquan, President of Univation Technologies Steve Stanley, Sales Director at Axens SA Fabien Lundy, and President of Technip EMIA Marco Villa.
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