"Ecostar" LLC, a joint venture established by Azerbaijan Investment Company (AIC), SOCAR Downstream, and Italian Technip Energies company, will lead the front-end engineering design (FEED) phase of the “Waste Monetization” project. This initiative will utilize “Alterra” pyrolysis technology to convert plastic waste into pyrolysis oil.

By leveraging this innovative technology, the project aims to provide an effective solution to one of the world’s most pressing environmental challenges — plastic waste. In addition to addressing waste management, the project promotes the use of alternative energy sources, helping to reduce reliance on fossil fuels. It represents a forward-thinking approach grounded in ecological responsibility and sustainable development principles.

Through this initiative, "Ecostar" LLC will make a significant contribution to both environmental protection and the advancement of energy security.

Total cost of the project: Euro 97.25 million

Number of workplaces: 32

Investment year: 2025