Turkish Petkim to boost ethylene, PTA production capacity

The company announced that it would be increasing the annual capacity of these units from 3.2 million tons to 3.6 million tons, with an investment of US$ 138 million.

Petkim General Manager Sadettin Korkut informed that the enterprises would be beginning operations by next year, and produce income from the logistics operations.

The expansion project is included in the New Product Generation capital expenditure (CAPEX) programme, and CAPEX expenditure for the project to increase the capacity of these enterprises has reached to 58 million Turkish liras, during the first quarter, he added.

Petkim petrochemical includes 15 major factories and 7 auxiliary units in its Aliaga Complex. The State Oil Company of the Azerbaijan Republic (SOCAR) is a major stakeholder in Petkim. The company manufactures plastic packages, fabrics and various other petrochemical products, and is the only Turkish producer of such products.

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