Element of Success
We monetize natural gas into methanol derivatives while protecting the environment and contributing to the sustainable development of partner countries committed to advancing this industry
Latest News
19 March 2025
Groupe Souakri and AzMeCo Sign Memorandum of Understanding to Establish Algeria Methanol Company
Souakri Group, a leading multi-faceted industrial group present in various sectors of the Algerian economic activity such as the construction materials industry, petrochemicals, and agri-business among other sectors, and Azerbaijan Methanol Company LLC (AzMeCo), a prominent methanol producer based in Azerbaijan, are pleased to announce the signing of a Memorandum of Understanding (MOU) to establish the Algeria Methanol Company. This joint venture marks a significant step forward in the development of a large-scale methanol production facility in Algeria, leveraging the strengths and expertise of both parties.
Azerbaijan Methanol Company LLC was established in 2007. From 2007 to 2016, the company developed, financed, and operated the Garadagh Methanol Plant — the first methanol facility in Azerbaijan with a production capacity of 720,000 tons per year.
Today, AzMeCo is focused on the development of international energy and chemical projects. The company’s head office is now located in London, United Kingdom.
Learn more about the Company
Today, AzMeCo is focused on the development of international energy and chemical projects. The company’s head office is now located in London, United Kingdom.
Element of Modern Living
Methanol is used to make countless industrial and consumer products such as synthetic textiles, recyclable plastics, household paints and adhesives, foam cushions and pillows, and even common medicines
Methanol: World Revolution
Documentary (10 min)
Methanol is a clean, efficient fuel and feedstock that can reduce CO₂ emissions by up to 70% when used as a marine fuel. It replaces toxic chemicals in everyday products and enables more sustainable manufacturing. As a key driver of the low-carbon economy, methanol is shaping a cleaner, greener future.
Learn more about Methanol