The state company SOCAR signed a contract with Italy’s Maire Tecnimont to perform EPC-contract for the construction of a polyethylene plant in the framework of SOCAR from Polymer project. The contract price – $ 180 million According to the head of SOCAR Rovnag Abdullayev, the construction of installations for the production of high density polyethylene start in 2016. The contract provides for: the provision of comprehensive technical services, procurement, installation and construction before entering the project into operation. performance tests. SOCAR Polymer project is implemented in Sumgait Chemical Industrial Park. Implementation of this project will allow to produce 180 thousand. Tons of polypropylene and 120 thousand. Tons of polyethylene per year. Letting polyethylene plant is scheduled for the end of 2018 after meeting domestic demand, the rest of the products will be exported. According to a preliminary marketing plan, production will be exported to the CIS countries, Western Europe, Turkey, and so on. D. Realization of the plant’s production will deal with SOCAR Trading.