Socar & BP Receive Approval to Form JV Company for Planned PC Complex

摘要

Aliaga-Socar and BP have received Turkish Competition Council approval to form a new joint venture company to build and operate the proposed Mercury petrochemical complex in Aliaga, Turkey, reported AzerNews citing local media reports. The complex, expected to cost about $1.8-billion, would include the production of 1.25-million t/y of purified terephthalic acid, based on BP's proprietary technology, 840,000 t/y of paraxylene and 340,000 t/y of benzene (PCN, 20 Apr 2020, p 1).