Stolthaven, Rönesans to develop storage terminal in Turkey
Stolthaven Terminals and Rönesans Holding have signed a partnership agreement to jointly develop a new Greenfield storage terminal in Ceyhan, Adana, Turkey. The terminal will provide storage and handling services to the Ceyhan Petrochemical Industrial Zone, which is being developed by Rönesans Holding. The terminal will initially provide services to Ceyhan Polipropilen Uretim, which is the first investment being developed within the Ceyhan Petrochemical Industrial Zone with the aim of producing 450 kilotonnes per annum (KTA) of polypropylene.
Ceyhan Polipropilen Uretim announced that it has selected LyondellBasell’s Spheripol technology for the polyproplyene unit. Plans for the terminal include the construction of additional storage capacity, which will probably be added during the first phase of the project to serve customers who have expressed an interest in the import and storage of liquified petroleum gas (LPG). A final investment decision is expected in the fourth quarter of 2021, subject to final internal and external approvals.
Potential to develop chemical storage capacity
“The terminal will initially focus on the safe and efficient handling and storage of industrial gases, but early market studies also indicate that there is potential to develop chemical storage capacity to service the Eastern region of Turkey, which is currently serviced mainly by trucks from the West of the country. The investment in Turkey, a country with a growing economy and strong demand for chemicals, would be complementary to our existing global network and increase the reach of the supply chain solutions that we are able to offer our customers.”
“We are looking forward to create significant and sustainable value by bringing core skills and abilities of both corporations together for the infrastructure development in the Ceyhan Petrochemical Industrial Zone by investing in the terminal,” said Öncü Apaydın, managing director of the Ceyhan Petrochemical Industrial Zone.
A subsidiary of Stolt-Nielsen based on Oslo, Nortway, Stolthaven Terminals’ global network of 15 owned and joint-venture terminals provide almost five million cubic meters (cbm) of storage capacity for chemicals, clean petroleum products, liquified petroleum gases, vegetable oils, biofuels and oleochemicals in key markets and hubs worldwide.
Rönesans Holding’s main activities are construction, real estate investment and energy generation. Founded in 1993 by Erman Ilıcak in St. Petersburg, Russia, with headquarters in Ankara, Turkey, the company operates in Turkey, Commonwealth of Independent States, Europe, Middle East and North Africa.