Published June - July 2020, Pg. 63-66

Section: Young scientists and specialists

UOT: 622.338

DOI: 10.37474/0365-8554/2020-6-7-63-66

Enhancing position of Azerbaijan in the world of petrochemicals business with innovative expansion of Industrial Parks

O.Z.Suleymanli

The article explores the current situation in the world of petrochemical business and the role of industrial parks in enhancing Azerbaijani’s position in this field. The characteristics of polymer plants investment in the Sumgait Chemical Industry Park have been identified. Future demand for petrochemicals and global market share for different polymer products have been evaluated among different regions of the world. The effect of petrochemicals sector on environment, namely its role in air and water pollution was not ignored as well. The petrochemical plants were founded based on the innovative expansion of industrial parks in Azerbaijan which will eliminate country’s dependence on imports. The statement that thousands of new employment positions will be opened by small and medium enterprises using the final products of these plants as raw materials and subsequently potential increase in export of our country was clarified. Human capital development and professional personnel preparation for petrochemical industry have been highlighted and characterized.