Petkim, Dutch company APM Terminals sign agreement

Azerbaijan, Baku, Feb.13 / Trend A.Taghiyeva / Turkish petrochemical complex Petkim and Dutch company APM Terminals signed an agreement to build a container port with capacity of 1.5 million TEU in the Aliaga complex on Monday, Petkim said. The alliance between SOCAR and Turcas Petrol /Injaz projects resulted in them winning a tender in 2008 to buy a 51 per cent stake in various chemical projects worth $2.04 billion. Now Turkey imports 70 to 75 per cent of its chemical products. Investments in the development of Petkim will reduce that figure by 30 per cent. At present, capacity available at the complex is over 500,000 tons of ethylene, and it is planned to increase its capacity up to 600,000 tons. Petkim Petrokimya Holding manufactures plastic packages, fabric, PVC, detergents, being the only Turkish producer of such products, a quarter of which the company exports. Do you have any feedback? Contact our journalist at agency@trend.az