It is planned to start producing green hydrogen in Azerbaijan's Sumgayit Chemical Industrial Park in 2027-2028, Kalin Runtev, CEO of the Azerbaijani-Bulgarian joint venture Caspian Lubricants Recycling, head of the Bulgarian company Torec Engineering, told Report.
“If the plant is launched in November-December this year, as planned, at the next stage, we will provide the production with green electricity, and then we will start producing green hydrogen. It will be used as fuel and as raw material for the production of base oils of the second group (hydrotreating, hydrotreating, distillate fraction, etc.). This will make us unique in the area from the South Caucasus to Pakistan - the nearest similar production is 3,000 km away,” Runtev noted.
He added that pre-project work on hydrogen production will begin in 2026. The launch of the hydrogen plant and the start of production of Group II oils are expected in 2027-2028. "Green hydrogen will be produced by water electrolysis - using local resources. The company is currently negotiating with European and Chinese suppliers of electrolyzers. The final decision will be made by shareholders after the business plan is approved. Options for the participation of international partners are also being discussed, but no specific agreements have been announced yet," said the head of the joint venture.
