BAKU, Azerbaijan, Jan.22
By Leman Zeynalova – Trend:
Preliminary engineering and design works still continue on the petrochemical complex project that is planned to be implemented in the Private Industrial Zone in Aliaga, Izmir, Zaur Gahramanov, CEO of SOCAR Turkey told Trend.
“We will give updates regarding the final investment decision in 2020. As a result of commissioning of this facility, Turkey’s imports of pure terephthalic acid (PTA) are expected to come down to zero and at the same time, it will be possible to produce paraxylene (PX) products in Turkey, which are now imported in the amount of 800,000 tons,” he said.
BP and SOCAR Turkey signed a heads of agreement (HoA) in 2018 to evaluate the creation of a joint venture that would build and operate a world-scale petrochemicals complex in Turkey.
The facility will be located at SOCAR Turkey’s Private Industrial Zone in Aliaga, which includes STAR refinery and major Petkim petrochemicals site.
Follow the author on Twitter: @Lyaman_Zeyn