19-09-2018

Agreement for petrochemical industrial zone in Turkey

Rönesans Holding has signed a framework cooperation agreement with the Netherlands-based Port of Rotterdam for the Ceyhan Mega Petrochemical Industrial Zone in Turkey.

Rönesans Holding and Port of Rotterdam, the largest port and industrial zone operator in Europe, entered into a framework cooperation agreement on September 17, 2018 in Rotterdam.

Dr. Erman Ilıcak, President of Rönesans Holding and Allard Castelein, President and Chief Executive Officer (CEO) of the Port of Rotterdam, attended the signing ceremony.

Rönesans Holding is leading the development of the Ceyhan Mega Petrochemical Industrial Zone in the south of Turkey with its planned petrochemical investment in the industrial zone. Along with this investment, Rönesans Holding will cooperate with Port of Rotterdam to develop the entire zone with additional investments and best operation/management practices which were gained by the 150 years of port development and management experience.

Within the scope of the framework agreement, Rönesans and Port of Rotterdam will start working on development of a petrochemical cluster and attracting global brands for investment to the zone. Rönesans Holding will work together with Port of Rotterdam to transfer the expertise and know-how of the state-owned company, which is in charge of management and operation of the largest industrial zone and port in Europe.

The projects in the Ceyhan Mega Petrochemical Industrial Zone will primarily focus on petrochemical plants. The industrial facilities to be built in the zone will produce petrochemical products in Turkey, end the import of such products, reduce the foreign exchange gap and make a significant contribution to national economy and employment.