The Azerbaijan State News Agency

ECONOMY

EBRD TO LEND USD 120M FOR METHANOL PLANT CONSTRUCTION

Baku, August 28 (AZERTAC). The EBRD is considering providing financing of up to USD 120 million to Azmeco to allow for the purchase, construction and operation of an approx. 561,000 tonne p.a Methanol Plant including the possibility of a CO2 Capture Unit. AzMeCo intends to include urea and ammonia production in future development phases

EBRD concluded the project complies with National and pertinent EU environmental standard

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