Azerbaijan to sharply boost methanol and carbamide production - FORECAST

Azerbaijan to sharply boost methanol and carbamide production - FORECAST
  • Clock-gray 15:48
  • calendar-gray 23 October 2019

The amount of methanol production is forecasted to be 540 thousand tones in Azerbaijan in 2023 which is 54.3% more compared to the forecast of 2019, APA-Economics reports citing the State Budget Package of the Republic of Azerbaijan for 2020.

This type of chemical product is expected to increase year by year. So that, this indicator is expected to be 350.000 tons in 2019, 390.000 tons in 2020, 435.000 tons in 2021, and 485.000 tons in 2022.

Note that, 230 thousand tones of methanol has been produced in Azerbaijan in 2018.

Emil Ismayilov

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