29 January 2014 13:17 [Source: ICIS news]
LONDON (ICIS)--The State Oil Company of the Azerbaijan Republic (SOCAR) aims to commission the planned Star petrochemical feedstock refinery in Turkey in 2017, the company said on Wednesday.
The $5.5bn refinery, intended to enable sole major Turkish petrochemical producer Petkim to deliver on plans to create a $10bn petrochemical 'supersite', would be capable of refining oil grades including Azeri Light, Kirkuk and Urals, it added.
Both the refinery and supersite are being constructed next to Petkim's existing petrochemical manufacturing site on a peninsula in Aliaga, near Izmir, on western Turkey’s Aegean coast.
SOCAR, the controlling shareholder in Petkim as well as the Star refinery project, said that given the trend of refinery closures in Europe in recent years, caused in part by weak gasoline markets, Star would maximise the petrochemical factor and not concern itself with producing gasoline.
Star's naphtha capacity would be 1.3m tonnes/year while it would have production capacities of 400,000 tonnes/year of xylenes, 330,000 tonnes/year of LPG (liquefied petroleum gas), 500,000 tonnes/year of jet fuel, 6m tonnes/year of diesel, 500,000 tonnes/year of reformate, 700,000 tonnes/year of petro coke and 170,000 tonnes/year of sulphur.
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