"Azerbaijan Methanol Co." LLC passed the state registration on October 11, 2007. The first in Azerbaijan Garadagh Methanol Plant was designed and built with an annual production capacity of 720,000 tons. The Methanol Plant was put into operation in October, 2013. The plant produces high-purity methanol from natural gas using the ICI technology owned by the UK company Johnson Matthey.

Until the end of 2016, the Garadagh Methanol PLant was owned by the "Azerbaijan Methanol Co." LLC and then, it was alienated and transferred to the State Oil Company of Azerbaijan.

Currently, "Azerbaijan Methanol Co." LLC is engaged in the development of other projects in the country and abroad.