MOSCOW (MRC) -- Petkim, part of SOCAR, is in plans to restart its naphtha cracker following an unplanned shutdown, according to Apic-online.
A Polymerupdate source in Turkey informed that the cracker is likely to resume production by this weekend. The cracker was shut owing to a technical glitch on March 9, 2018.
Located at Aliaga in Turkey, the cracker has an ethylene production capacity of 585,000 mt/year and propylene production capacity of 240,000 mt/year.
As MRC reported previously, in May 2016, Azerbaijan’s state-owned energy company SOCAR sold 2.75 percent of its stake in Turkey's petrochemical giant Petkim to a foreign investment fund. Turkey’s Public Disclosure Platform (KAP) reports that this stake was sold for 147 million liras (USD51 million).
MRC