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Turkey’s Petkim declares force majeure on ethylene, propylene supply

Oil&Gas Materials 26 July 2016 11:03 (UTC +04:00)
Turkey’s Petkim petrochemical complex, a 57.5 percent-share of which is owned by Azerbaijan’s state oil company SOCAR, has declared force majeure on ethylene and propylene supply.
Turkey’s Petkim declares force majeure on ethylene, propylene supply

Baku, Azerbaijan, July 26

By Maksim Tsurkov – Trend:

Turkey’s Petkim petrochemical complex, a 57.5 percent-share of which is owned by Azerbaijan’s state oil company SOCAR, has declared force majeure on ethylene and propylene supply, the ICIS Regulation Portal reported July 26.

Petkim was forced to switch off a cracker in Turkey’s Aliagha district due to technical failure that happened on July 17. It is expected that the cracker will be closed until late July.

The cracker’s closing has led to disruptions in the supply of raw materials for the production of derivatives, including acrylonitrile and ethylene glycol, said the report.

The cracker’s capacity is 588,000 tons of ethylene and 271,000 tons of propylene per year.

Petkim produces plastic packages, fabrics, detergents, and is the sole Turkish manufacturer of such products, a quarter of which is exported.

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Follow the author on Twitter: @MaksimTsurkov

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