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Chemical Week Magazine :: Business & Finance :: Europe/Mideast

Petkim to Double in Size; Plans New Cracker

8:18 AM MST | November 30, 2010 | —NATASHA ALPEROWICZ

Petkim Petrokimya (Aliaga, Turkey), the sole producer of petrochemicals in Turkey, is aiming to double in size by 2018, helping the company to increase its share of the fast-growing domestic market, CW has learned. A new olefins complex and downstream units are planned as part of the program. Turkish Delight: Petkim's Aliaga complex will meet 40% of the country's demand. The program follows the 2008 acquisition for $2.04 billion of a majority stake in Petkim by Socar & Turkas Enerji, an Azerbaijan-Turkish consortium that holds a 51% stake in Petkim. The...

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