APM Terminals and Petkim agree to build box port in Aliaga centre, Turkey

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TURKISH petrochemical complex Petkim and APM Terminals have signed an agreement to build a 1.5 million TEU annual capacity container terminal in the Aliaga industrial complex, 300 kilometres south west of Istanbul on the Aegean Sea.

Petkim Petrokimya Holding manufactures plastic packaging, fabric, PVC and detergents, and exports a quarter of its production, reports Azerbaijan's Trend.az.

This comes as investments in the development of oil refining, petrochemistry, energy and logistics in the Aliaga industrial centre reached US$6 billion, according to Petkim board chairman Vagif Aliyev.

The State Oil Company of Azerbaijan (SOCAR) is a co-owner of the Turkish petrochemical complex Petkim in Aliaga. Work has commenced to construct a new oil refinery Star with capacity of 10 million tons to provide Petkim with raw materials.

Source Shipping Gazette - Daily Shipping News

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