BAKU, Azerbaijan, March 26
By Leman Zeynalova – Trend:
SOCAR Turkey is conducting the feasibility study of the project to use off-gas instead of naphtha in production, Trend quoted Head of the SOCAR Turkey Refinery and Petrochemicals Business Unit and General Manager of Petkim Anar Mammadov as saying.
Off-gas is produced as a by-product of an industrial process or that is given off by a manufactured object or material.
Indeed, that is a valuable petrochemical product. We aim to achieve a serious efficiency here. Feasibility studies are currently in underway. I think this project will require investments worth millions of dollars.
Approximately 190,000 tons of off-gas is produced annually by STAR Refinery. We plan to turn this gas into ethylene propylene, instead of burning it. In other words, we want to use certain amounts of off-gas instead of naphtha, which is our raw material," he said.
Petkim is the first and the sole integrated petrochemical facility in Turkey. It is the largest exporter in the Aegean region. Petkim’s production capacity is 3.6 million tons per year. The petrochemical complex produces around 60 different types of products and exports to 78 countries. The complex meets about 20 percent of Turkey’s demand for petrochemical products.
STAR Refinery came on stream in October 2018. Around $3.3 billion of the project’s cost was covered by loans. The total investment in Star Refinery is expected to stand at $7 billion.
The annual processing capacity of Star Refinery is 10 million tons. It meets around 25 percent of Turkey’s refined oil products. The refinery is able to process 214,000 barrels of crude oil per day.
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