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Materials, Equipment & Energy

SOCAR

Ecosystem Private
Headquarters
Baku, AZ
Segment
Materials, Equipment & Energy
Stories held
2
Last story
10 Nov 2026

SOCAR is Azerbaijan's state-owned oil and gas company, headquartered in Baku, with upstream, refining and petrochemical operations including the Petkim complex in Turkey. It supplies polymer feedstock used by packaging converters across Europe and the Caspian region.

2 stories · 2026

SOCAR's Petkim to build 850,000 t/yr polyethylene plant in Turkey

SOCAR subsidiary Petkim Petrokimya Holding will build a polyethylene production complex at Aliaga, Turkey, with capacity of 850,000 tonnes a year. Univation Technologies is the technology licensor; front-end engineering design began in September 2026 with a USD 70m budget and is scheduled for completion by end of 2027.

Why this mattersAn 850,000 t/yr polyethylene complex at Aliaga would add resin supply near Turkish and European converters, but with FEED running to end-2027 output is years away.

  • Petkim Petrokimya Holding, a SOCAR subsidiary, will build an 850,000 t/yr polyethylene complex at Aliaga, Turkey
  • FEED work began in September 2026 with a USD 70m budget
  • Univation Technologies selected as technology licensor
  • FEED work scheduled for completion by end of 2027
Dow counterparty SOCAR
Sources endata.com
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Petkim picks Univation PE technology for planned Turkish resin complex

Petkim Petrokimya Holding has selected Univation's UNIPOL PE Process technology for a planned polyethylene complex at its Aliaga-Izmir site in Türkiye, ahead of a final investment decision. The project envisages 850,000 tonnes a year of licensed PE capacity across two 425 kTA swing reactor lines, which Univation describes as one of the largest PE technology licences awarded in Türkiye.

Why this mattersAdded domestic PE capacity would affect resin availability and import dependence for Turkish and regional flexible and rigid plastic packaging converters.

  • Petkim selected Univation's UNIPOL PE Process Technology for a planned complex in Aliaga-Izmir, Türkiye
  • Planned capacity is 850,000 tonnes a year of polyethylene across two 425 kTA swing reactor lines
  • The selection comes ahead of Petkim's final investment decision on the project
  • It would be the first UNIPOL PE installation at the Petkim site
  • Petkim is a subsidiary of SOCAR, the State Oil Company of Azerbaijan
  • Univation describes the project as one of the largest PE technology licences awarded in Türkiye
Dow counterparty SOCAR
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