Fast Market Research recommends "Azerbaijan Petrochemicals Report Q4 2015" from Business Monitor International, now available
[USPRwire, Mon Sep 14 2015] Azerbaijan's petrochemicals sector is set for increasing competition with Iran in future, following the decision to ease sanctions, but this is unlikely to hold back the country's ambition to build world-scale plants. However, until they are in commercial operation, the petrochemicals industry will remain small, dedicated to domestic consumption and operating at low levels of capacity utilisation.
The Azerbaijani petrochemicals market will be undermined by slow growth, caused by lower oil prices and the depreciation of the manat on consumer demand. The non-oil economy is set to outpace overall GDP growth over the medium-term, which indicates the focus will be on petrochemicals consumption growth.
Focus in 2015 is on the construction of new PE and polypropylene (PP) units, which will add 200,000 tonnes per annum (tpa) and 100,000tpa of capacity respectively. Beyond that, attention will shift to the massive world-class USD17bn Oil and Gas Processing and Petrochemical Complex (OGPC), which will improve efficiency and provide a wider range of higher value refined products.
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The planned SOCAR Polimer polypropylene (PP) plant, with 200,000 tonnes per annum (tpa) capacity, at the Sumgayit Chemical Technology Park in Azerbaijan is scheduled to start production in H216. A 100,000tpa PE, the plant is also likely to come on stream at the same time.
A fertiliser project is planned in Karadagh with capacities of 255,000tpa ammonia and 500,000tpa urea. SOCAR also plans two fertiliser plants, each with capacity of 700,000tpa of urea: one in Azerbaijan and another in Georgia. Construction is due to be completed by end-2016. The objective is for Azerbaijan to raise its fertiliser exports to 1mn tpa.
The Azerbaijan Petrochemicals Report has been researched at source, and features BMI Research's market assessment and independent forecasts for key petrochemicals sub-sectors. The report also analyses the impact of regulatory changes, recent developments and the background macroeconomic outlook and features competitive landscapes comparing companies by products and services, sales, market share, investments, projects, partners and expansion strategies.
BMI's Azerbaijan Petrochemicals Report provides industry professionals and strategists, sector analysts, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Azerbaijani petrochemicals industry.
* Benchmark BMI's independent petrochemicals industry forecasts to test other views - a key input for successful budgetary and planning in the Azerbaijani petrochemicals market.
* Target business opportunities and risks in the Azerbaijani petrochemicals sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Azerbaijan.
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