Azerbaijan, Baku, June 1 /Trend, E.Ismayilov/
About $1.5-2 billion will be invested by 2018 to increase the production capacity of the Turkish petrochemical complex Petkim, which is co-owned by SOCAR (State Oil Company of Azerbaijan), the general manager of the Turkish petrochemical complex Petkim Mehmet Hayati Ozturk said in Baku on June 2.
"Petkim wants to increase its market share from the current 25 percent to 40 percent, an increase of available capacity by two times. This requires investment in amount of $1.5-2 billion," said Ozturk. Investments will be made at the expense of the complex.
Also, according to Ozturk, there are plans to expand the port, logistics center. Currently work is carried out in this regard with the companies that have extensive experience in this field. Now the annual transshipment capacity of the port is 3,000,000 tons.
Ozturk said as a result, developing four directions in Petkim - petrochemicals, oil refining, energy and logistics port, it is planned to create an industrial park here. In this regard, great importance is attached to the energy, and therefore, it is supposed to create the park for the generation of wind energy.
The petrochemical complex Petkim exported petrochemical products amounting to $347 million in 2009 compared to $523 million in 2008.
The complex exported goods worth $358 million in 2007, compared to $410 million in 2006. In 2005, the figure was $217 million.
Petkim produced about 3 million tons products in 2009, of which 1.42 million tons were manufactured for sale, compared to 1.41 million and 1.38 million tons, respectively.
The company's share in the domestic market increased and hit 26 percent in 2009 compared to 24 percent in 2008. In 2007, the figure was 24 percent, in 2006 - 26 percent, and in 2005 - 22 percent.
The Turkish Administration for Privatization approved the SOCAR/Turcas Petrol/Injaz Projects alliance as the winner of a tender on the sale of a 51-percent share in Petkim. Turkey imports 70-75 percent of its chemical products, while Petkim will ultimately provide the chance to decrease imports to 30 percent.
Petkim Petrokimya Holding is specialized in the production of plastic packages, fabric, detergents and is only producer of these goods in Turkey exporting the fourth part of the output. The total capacity for the production of plastic of the Petkim is 1.2 million tons.