Advancing its regional industrial footprint and refining-petrochemical integration at Aliağa, Petkim has entered the formal FEED execution phase of its Master Plan. Following the Memorandum of Understanding (MoU) signed in July between parent company SOCAR and Technip Energies, Petkim formalized contracts for FEED execution and proprietary Mixed Feed Steam Cracker (MFSC) technology licensing with Technip Energies.
The $70 million FEED cycle will benchmark technical architectures, project economics, and commercial criteria through late 2027 to establish the quantitative foundation for the Final Investment Decision (FID).
Proprietary Licensing Partnerships
To design next-generation production units, Petkim aligned with premier global technology licensors:
FEED & MFSC Cracker Technology: Awarded to Technip Energies for comprehensive engineering design and Mixed Feed Steam Cracker licensing.
Polyethylene (PE) Facility: Technology licensing secured through Univation Technologies, LLC.
Polypropylene (PP) Facility: Licensing and engineering mandate executed with Lummus Novolen Technology GmbH.
Projected Scale-Up and Production Metrics
Pending post-FEED final investment approval, the operational parameters will expand as follows:
Ethylene Capacity: Increasing from 558,000 tons to 1.2 million tons annually.
Polypropylene Capacity: Expanding from 145,000 tons to 550,000 tons annually.
Total Polymer Volumes: Output projected to more than double existing baseline levels, directly targeting domestic supply deficits.
Executive Commentary by Kanan Mirzayev
Kanan Mirzayev, General Manager of Petkim and Head of SOCAR Turkey Refining and Petrochemicals Business Unit, stated:
Executing the FEED contract following our July agreement with Technip Energies is a tangible step demonstrating that the Master Plan progresses on schedule. During the FEED phase, we will evaluate technical and commercial parameters in rigorous detail, formulating the engineering bedrock for our ultimate investment decision. Concurrently, signing licensing agreements for polyethylene, polypropylene, and MFSC units signifies critical execution across multiple project streams.
We have allocated a $70 million budget to this FEED process, viewing it as an investment in Petkim’s industrial longevity. Subject to the final investment decision, these expansions will scale our ethylene and polypropylene capacities while more than doubling our aggregate polymer volume. We view the Master Plan as a strategic transformation that will satisfy Turkey’s long-term petrochemical demand and secure our structural competitiveness.
