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Petkim will get additional revenues with digitalization

Oil&Gas Materials 29 June 2020 11:18 (UTC +04:00)
Petkim will get additional revenues with digitalization

BAKU, Azerbaijan, June 29

By Leman Zeynalova – Trend:

Thanks to the digitalization projects implemented so far, Petkim will get additional revenues in the amount of approximately $43 million in the coming years, Murat LeCompte, Chief External Affairs Officer at SOCAR Turkey told Trend.

“In order to turn Petkim into the most digitalized company of Turkey and Azerbaijan, we launched the “digitalization period” in 2018. The digitalization team at Petkim has up to now implemented more than 40 projects and financial implementation was ensured with 20 active projects within the digitalization program,” he added.

LeCompte noted that all those projects were implemented with such technologies as machine learning, artificial intelligence, image recognition, robotic process automation.

“Thanks to the digital projects implemented, Petkim was able to increase its efficiency under the current conditions, throughput, energy efficiency and product quality. These projects also ensured efficiency and improvement in the businesses of financial units and human resources units. These improvements are reflected in financial results as well,” he added.

SOCAR Turkey acquired and made Petkim focal point of its investments in 2008.

The petrochemical products, produced by Petkim, are used in several industrial branches such as automotive, electrics, electronics, agriculture, packaging, textile, pharmaceutics, paints, construction, detergent and cosmetics.

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Follow the author on Twitter: @Lyaman_Zeyn

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