Stolthaven Terminals has formed a partnership with Turkish construction and real estate company Rönesans Holding to build a new greenfield terminal in Ceyhan, Adana, Turkey.
Rönesans is currently developing the Ceyhan Petrochemical Industrial Zone. The first facility being built onsite will be Ceyhan Polipropilen Uretim, which will produce 450,000 tpa of KTA polypropylene, using LyondellBasell’s Spheripol technology. Stolthaven’s new terminal will initially serve this facility.
Stolthaven says that additional storage capacity will likely be added during the first phase of development customers who have expressed an interest in the import and storage of LPG. The company expects to make a final investment decision is expected in Q4 2021, subject to final internal and external approvals.
‘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 complimentary to our existing global network and increase the reach of the supply chain solutions that we are able to offer our customers,’ says Stolthaven president Guy Bessant.
Öncü Apaydın, managing director of the Ceyhan Petrochemical Industrial Zone adds: ‘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.’