09 September 2008 12:28 [Source: ICIS news]
PRAGUE (ICIS news)--Turkey’s Petkim plans to use liquefied petroleum gas (LPG) as a feedstock for ethylene (C2) following the Ankara's decision to scrap the tax on LPG used in ethylene production, the petrochemicals producer said on Tuesday.
The company added that it would continue to use naphtha as a feedstock for its C2 output but that a substantial proportion of the production would be switched to reliance on LPG.
Petkim, based in Aliaga, has an ethylene production capacity of 520,000 tonnes/year.
It also produces low density polyethylene (LDPE) and high density polyethylene (HDPE).
An Azerbaijani-Turkish consortium, comprising of Turkish energy firm Turcas, Azerbaijani energy firm Socar and Saudi-based investor Injaz, which took over Petkim in May, plans to invest $3bn (€2.12bn) in the firm over the next five years.
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