Azerbaijan partners with Technip Energies in a €97m plastic waste pyrolysis project, processing 36,000 tons annually.

Azerbaijan has partnered with Technip Energies S.p.A. to establish a €97 million project for producing pyrolysis oil from plastic waste. A joint venture will be formed, with shares distributed among the Azerbaijan Investment Company (30%), Technip (35%), and SOCAR (35%). The facility, located in Sumgayit Chemical Industrial Park, aims to process 36,000 tons of plastic waste annually, generating 23,000 tons of oil while improving waste recycling and reducing emissions.

October 04, 2024
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