CEYHAN PETROCHEMICAL IZ TO PROVIDE USD 2BN IN ADDED-VALUE

The Ceyhan Petrochemical Industrial Zone (IZ) is expected to inject over USD
2bn of added-value into the economy per year. The large portion of imported petrochemical products will be manufactured in the country after lots are allocated to investors. The Ceyhan Petrochemical IZ is estimated to attract nearly USD 10bn in investments when it becomes operational. Various types of polyethylene will be manufactured alongside polypropylene. A polypropylene production plant project, carried out jointly by Ronesans Holding and Algeria’s national energy company, Sonatrach, is the investment in the IZ, worth USD 1.7bn. The facility will have an annual production capacity of 450,000 tonnes, once is it completed in 2024.