PJSC "Cryogenmash" will develop and supply a cryogenic air separation plant intended to produce nitrogen for Polypropylene and High Density Polyethylene Plants (SOCAR Polymer) (Azerbaijan)
24.06.2016
During the St. Petersburg International Economic Forum, Mr. Akimov Andrey, the Chairman of the Board of Gazprombank and Mr. Abdullayev Rovnag, the President of the State Oil Company of the Republic of Azerbaijan (SOCAR) signed the Cooperation Agreement.
The Agreement provides for the Nitrogen Plant development and delivery by PJSC “Cryogenmash”(being the member of Gazprombank Group) for a joint project with GPB for construction of Polypropylene and High Density Polyethylene Plants (SOCAR Polymer). The Plant will cover the SOCAR Polymer’s high purity gaseous nitrogen requirements arising under the project implementation.
The Nitrogen Plant manufactured by PJSC "Cryogenmash" is based on the up-to-date engineering solutions in the industry sector, which allows reducing capital costs and providing more effective operational condition vs. the equipment of leading foreign companies.
Mr. Rovnag Abdullayev, the President of SOCAR said, "The Agreement signing is the example of strategic partnership and cooperation between Gazprombank Group and SOCAR Companies Group".
Reference click here
The Agreement provides for the Nitrogen Plant development and delivery by PJSC “Cryogenmash”(being the member of Gazprombank Group) for a joint project with GPB for construction of Polypropylene and High Density Polyethylene Plants (SOCAR Polymer). The Plant will cover the SOCAR Polymer’s high purity gaseous nitrogen requirements arising under the project implementation.
The Nitrogen Plant manufactured by PJSC "Cryogenmash" is based on the up-to-date engineering solutions in the industry sector, which allows reducing capital costs and providing more effective operational condition vs. the equipment of leading foreign companies.
Mr. Rovnag Abdullayev, the President of SOCAR said, "The Agreement signing is the example of strategic partnership and cooperation between Gazprombank Group and SOCAR Companies Group".
Reference click here