23 June 2010 12:12 [Source: ICIS news]
PRAGUE (ICIS news)--Turkey’s Petkim has engaged the services of Singapore-based consultants Jurong International to help create its $5bn (€4.05bn) petrochemical ‘super site’ on the Aegean coast, the company said on Wednesday.
Petkim envisaged forming a site with many similarities to the Jurong Island industrial zone in Singapore. Jurong International, it said, had acquired knowhow from that project, which saw an artificial island created by linking several small offshore islands with land reclamation techniques.
Petrochemical plants, port facilities, energy units and infrastructure were covered by a masterplan agreement that should see the coastal production hub at Aliaga, near Izmir, built between 2011 and 2015, Petkim added.
On 21 June, Petkim announced it had signed a deal with Foster Wheeler for the front-end engineering design of a $4bn, 10m tonne/year refinery at the Aliaga site that would cover its petrochemical feedstock needs.
The refinery would supply a new cracker with an ethylene capacity of 800,000 tonnes/year, it said.
The new site should allow Petkim to double its petrochemical output to 6.3m tonnes/year before 2018, the company said.
Additionally, producers who wanted to set up their own petrochemical capacity at Aliaga were being sought, it added.
($1 = €0.81)
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