BP and SOCAR Turkey to evaluate creation of joint venture to build and operate a world-scale PTA, paraxylene and aromatics facility

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Facility would be located at SOCAR Turkey’s Private Industrial Zone in Aliaga, which includes the recently-inaugurated STAR refinery and major Petkim petrochemicals site
Integration with SOCAR’s facilities and infrastructure expected to reduce project costs significantly
Facility would use BP’s latest highly-efficient proprietary technology
Builds on BP and SOCAR’s longstanding relationship in the region

BP and SOCAR Turkey today announced that they have signed a heads of agreement (HoA) 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 paraxylene (PX) and 340,000 tpa 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.

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