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Turkish subsidiaries of Azerbaijan’s state petroleum firm Socar are preparing the ground for a new refinery that will turn the Petkim petrochemicals site at Aliaga into one of Europe’s largest integrated downstream complexes. Besides producing fuels for the local market, the refinery will supply naphtha and chemical feedstocks to the Petkim complex, which currently relies on imports.
Petkim – owned 51% by Socar Turkey and 10.32% by Socar Izmir Petrokimya, with 36.68% of the shares being publicly traded – last year completed 45% of site preparations and 85% of excavation in readiness for construction of the 200,000 b/d Socar Turkey Aegean Refinery (STAR).
The Petkim complex currently comprises 13 main petrochemicals units (see table) plus a 4,000 tons/year packaging film plant and seven auxiliary processing units. Petkim says total capacity for plastics and chemicals is 3mn t/y. Last year the complex produced 2.82mn tons, including 462,900 tons of ethylene and 583,200 tons of thermoplastics.
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