Turkey: Engineering BP, Socar to Explore Potential for Creating Petrochemical Complex
If carried forward, the complex is expected to produce 1.25 million tpa of purified terephthalic acid, 840,000 tpa of paraxylene and 340,000 tpa of benzene. Thus, making the project the largest integrated PTA, PX and aromatics complex in the western hemisphere.
Turkey – BP and Socar Turkey have recently announced that they have signed a heads of agreement to evaluate the creation of a joint venture that would build and operate a world-scale petrochemicals complex in Turkey. The proposed facility, in Aliaga in western Turkey, would produce 1.25 million tonnes per annum (tpa) of purified terephthalic acid (PTA), 840,000 tpa of paraxylene (PX) and 340,000 tpa of benzene.
PTA is used to manufacture polyesters, which have many uses including food and beverage containers, packaging materials, fabrics, films, and other consumer and industry applications. Following the signing of the agreement, BP and Socar Turkey now expect to undertake design work for the facility, which would allow for the integration of feedstock supplies from the nearby new Star refinery and Petkim petrochemicals complex, both owned by Socar Turkey.
Both the companies expect to work towards a potential final investment decision in 2019, which could result in start-up of the new plant in 2023. BP’s latest proprietary PTA technology has significantly lower capital and operating costs when compared with other PTA technologies. It is more energy efficient, uses less water and produces less solid waste than similar technologies in the market.
BP and Socar are longstanding partners in a number of major oil and gas production and transportation projects in Azerbaijan, Turkey and the wider region, including the Shah Deniz 2 gas project in Azerbaijan that began production early this year, exporting natural gas to Turkey and beyond.