Turkey Petrochemicals Q3 2018
In 2017, the Turkish petrochemicals industry operated at near full capacity, indicating that there will be little in the way ofgrowth in basic polymers in 2018. For the foreseeable future, Turkish petrochemicals output will not fulfil domestic demand,ensuring that the industry will operate at or near capacity. Azerbaijan's SOCAR, the leading investor in Turkey's petrochemicalsindustry, is planning another major petrochemicals project due to come on-stream in 2023, coinciding with the opening of newfacilities by SOCAR-owned Petkim. These developments should transform the Turkish petrochemicals market, offering greater self-sufficiency and spurring growth in polymer conversion manufacturing.
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