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Azerbaijan Increases Methanol Production by 46% in January-May

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SOCAR Methanol LLC produced 203.2 thousand tons of methanol in January-May 2020.

The State Statistics Committee of Azerbaijan reports that methanol production is 45.7% higher than the same period in 2019. Also on June 1, the enterprise’s warehouse has 34.3 thousand tons of finished products.

Note that in 2019, the SOCAR Methanol plant produced 383 thousand tons of methanol. The company predicts in 2020 the production of methanol in the amount of about 480 thousand tons According to the State Customs Committee, over the five months of this year, Azerbaijan exported 167 thousand tons of methanol (methyl alcohol).

The cost of these production volumes amounted to $ 16.7 million. During the reporting period, the share of methanol in the export of the non-oil sector amounted to 2.3%.

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