12:41 - 4.10.2024

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October 4, Fineko/abc.az. Azerbaijan plans to implement a project to organize the production of pyrolysis oil. The cost of the project is 97 million euros.

ABC.AZ informs that Economy Minister Mikayil Jabbarov wrote about this on his account on X.

He noted that Azerbaijan Investment Company (AIC), SOCAR Downstream Management LLC of the State Oil Company of Azerbaijan (SOCAR) and Italian company TechnipEnergies S.p.A. signed a joint agreement on the pyrolysis oil production project.

"This green initiative, with an investment volume of €97 million, will promote the efficient processing of waste, enhance industrial production, and contribute to the reduction of carbon emissions,” the ppost says.