SOCAR signs license agreements with Technip, Axens, others

23 Dec 21 Dec, 2016

On 20th December, 2016, technology license agreements are 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. 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.

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