Tag Archives | turkey

Petkim plans hail better future for Turkey petrochemicals

With a stable and fast-growing economy which held up well during the downturn, Turkey should already have a burgeoning chemical sector. But the country has been running a huge polymer deficit for many years thanks to decades of underinvestment in the country’s national champion, Petkim.  But since successful privatization, Petkim has made bold plans to […]

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OMV could become regional chemical leader through Turkey Petrol purchase

Austria’s OMV has been trying to transform itself into a regional oil refining hub for some time through the acquisition of Romania’s Petrom and, on 22 October, by boosting its stake in Turkey’s Petrol Ofisi from 42% to 95% though an E1bn deal. This deal gives it opportunities for further growth in chemicals. ICIS news […]

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Turkey’s Arkem aims to become major regional player in chemical distribution

I recently interviewed the CEO of Turkey’s Arkem, a major chemical distributor domestically with ambitious plans to become a major regional player in chemical distribution.  This was the first media interview ever for the company’s CEO and chairman, Levand Kokuludag but he seemed more relaxed than many old hands who have undergone so much “media training” […]

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Turkey to implement Reach-style chemicals regulation

Turkey is implementing a new Chemicals Management Regulation which it hopes might be a bridge to the adoption of Europe’s Reach regulation. Planned for 2013, the initial aim is an inventory improving market visibility.ICIS has just published a global map of chemicals regulation, with a comparison to Reach. The data was supplied by Europe’s chemical […]

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Turkey’s Petkim seeks partners for petrochemicals expansion

My colleague, Anna Jagger, attended a conference in Vienna, Austria, last week. There she learned that Turkey’s Petkim is seeking partners for a major petrochemicals expansion at its complex near Izmir in western Turkey. Petkim – the country’s main petrochemical major - has suffered decades of underinvestment resulting in a huge polymer deficit in Turkey. The […]

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Turkey petrochemicals forecast suggests tough future

New forecasts show that Turkey’s petrochemical and chemical sector is in line for a tough 2009.Turkey had become used to double digit growth in demand for plastics and chemicals, sucking in imports from Europe and Asia. No longer. Here is chemicals content of the report, just out:“While 2009 will be a terrible year for the […]

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Saudi’s target Turkey for agrobusiness ventures

A company from resource-scarce Saudi-Arabia is to invest arpund $3bn in agriculture in Turkey. With their fast-growing populations and inability to grow enough to feed them, Middle East countries are looking all over Africa, Asia and Russia for this kind of investment.The blog wonders what the impact will be on demand for chemical fertilisers and […]

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Turkey in the doldrums

According to today’s Wall Street Journal, Turkey’s economy shrank by 13.8% in the first quarter of 2009 compared to last year. This is an astonishing performance and is bound to have had a negative impact on demand for chemical products.Turkey has, historically, had a large polymer deficit and relies heavily on imports. With the long-delayed […]

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