The project comprises two components with separate international financing. The PP production plant, developed by Rönesans and SONATRACH, which serves as a shareholder and feedstock supplier, will have an annual capacity of 472,500 metric tons, meeting approximately 17% of Türkiye’s PP demand. Erman Il?cak, Honorary President of Rönesans Holding, stated: “This development exemplifies our commitment to sustainable, high-impact investments that support Türkiye’s economic and industrial ambitions. The Ceyhan PP Plant will not only bring hundreds of new jobs to the region but also secure a more resilient and competitive supply chain for PP, a vital raw material for industries across Türkiye and Europe.”
SONATRACH CEO Rachid Hachichi added: “The decision to invest in Türkiye is mainly driven by the dynamic and expanding market demand for PP. This location proves to be ideal considering its well-established and constantly evolving industry. In-depth studies reveal favourable economic prospects and promising profitability indicators.”
The second component, a terminal facility, will be developed with Stolthaven Terminals, a division of Stolt-Nielsen, to provide jetty and feedstock storage services for the PP plant and potential future clients. Guy Bessant, President of Stolthaven Terminals, said: “We are pleased to partner with Rönesans Holding on this landmark project. Stolthaven Terminals has more than 50 years’ experience in the safe and efficient handling and storage of bulk liquids and gases, and proven expertise in developing complex and large-scale storage projects.”
Both projects will employ advanced, environmentally friendly technologies to ensure efficient and sustainable production. The PP plant aims to achieve the world’s lowest greenhouse gas emissions per ton of PP produced, utilizing 100% renewable electricity and high-efficiency methods. The initiatives have secured $1.3 billion in loans from international financiers, including the U.S. International Development Finance Corporation and a consortium of lenders for the plant, and ING, BBVA, and Vak?fbank for the terminal.
Türkiye, a major PP importer with an annual consumption of 2.7 million metric tons, will benefit economically from the project, which is expected to reduce the trade deficit by $300 million annually. The development will create 4,500 construction jobs at its peak and 300 permanent jobs, while initiatives like a welding school will enhance local skills and employment opportunities in Ceyhan.
