A story of growth

1965 – 1970
• PETKİM Petrochemical Corporation is established with TL 250 million in capital.
• Initial investments are made for the first PETKİM production facility at Yarımca, İzmit.
• Construction of the Ethylene, PE, CA, VCM and PVC plants at the Yarımca Complex is completed and trial operations begin.
• A decision is made to establish a second petrochemical complex in the Aliağa region.
 
 
1971 – 1975

• Production begins at the Çanakkale Plastics Processing Plant.
• The DDB plant within the Yarımca Complex is established and begins operations.
• PETKİM’s capital is increased to TL 1.5 billion.
• Expansions at the Ethylene and LDPE plants within the Yarımca Complex are completed.
• The CB, Synthetic Rubbers (SBR-CBR), Styrene and PS plants at the Yarımca Complex begin operations.

 
 
1976 – 1983
• Expansions of the VCM and PVC plants at the Yarımca Complex are completed and the Caprolactam units begin production.
• As a result of the rapid growth of the Turkish automotive industry, the Petlas Tire Works Corporation is established on August 19, 1976 under the management of PETKİM.
• PETKİM’s capital is increased to TL 8 billion, TL 40 billion and finally, TL 100 billion.
• Auxiliary plants and shared facilities at the Aliağa Complex are completed.
 
 
1984 – 1989
• Plants at the Aliağa Complex begin production.
• The Aliağa and Yarımca complexes are converted into subsidiary companies named Alpet Corporation and Yarpet Corporation, respectively.
• PETKİM is brought within the scope of the state privatization program under the provisions of law number 3291 dated May 28, 1986.

 
 
 
1990 – 1995
• PETKİM’s capital is raised to TL 2 trillion in 1990 and TL 3 trillion in 1991.
• Alpet and Yarpet, PETKİM subsidiaries, are absorbed into PETKİM along with all of their assets and liabilities, on the basis of their balance sheets as of August 31, 1990.
• PETKİM’s Headquarters and the Aliağa Complex organizations are merged, and the Yarımca Complex is restructured into Yarımca Complex Management.
• As a result of expansion and rehabilitation projects, capacity increases are achieved at the Aliağa Complex’s LDPE, HDPE, PP and ACN plants in 1993 and the Yarımca Complex’s PVC, PS, CB, SBR, CBR and BDX plants in 1995.
 
 
1996 – 1999
• PETKİM earns a TS-EN-ISO 9002 Quality Assurance Certificate.
• The Company’s record-keeping is converted from the Paid-up Capital System to the Authorized Capital System. The Company increases its capital to TL • • 117 trillion, on the basis of TL 114 trillion transferred from the Revaluation of Fixed Assets Fund.
 
 
 
2000 – 2004
• Investments to replace the mercury cells used in chlorine production with membrane cells and to increase the chlorine production capacity of the Chlorine Alkali Plant to 100,000 tons/year are completed and production begins.
• A second 20 MW condensing-type turbo-generator goes into operation at the Electric Power Generation Unit in 2001.
• Capital is increased from TL 117,000 billion to TL 204,750 billion.
• On the basis of the Privatization High Council’s decree, the Yarımca Complex is sold to Tüpraş.
• The second expansion of the HDPE Plant, which increased production capacity from 66,000 tons/year to 96,000 tons/year, is completed in 2001.
• The addition of a 17th reactor to the PVC plant is completed, increasing production capacity by 10,000 tons/year, in 2001.
• The Çanakkale Plastic Processing Plant is shut down and the equipment from the plant is transferred to the Aliağa Complex.
• The construction and installation of the Solid-Liquid Waste Incineration Unit is completed in 2002 and the unit begins operations in 2003.
• PETKİM’s dry cargo jetty is opened for service to third parties.
 
 
2005 – 2007
• Investments in the expansion of the Ethylene, LDPE and PP plants are begun in 2004 and completed in 2005. The capacities of the plants increase from 400,000 tons/year to 520,000 tons/year for Ethylene, from 190,000 tons/year to 310,000 tons/year for LDPE, and from 80,000 tons/year to 144,000 tons/year for PP. This represents the largest investment program undertaken in the past 18 years.
• At the Aromatics Plant, PX capacity is increased from 100,000 tons/year to 136,000 tons/year, while benzene capacity is increased from 123,000 tons/year to 134,000 tons/year.
• In a transparency survey conducted in 2006 by Standard & Poors and Sabancı University, PETKİM is ranked one of Turkey’s “Five Most Transparent Organizations”.
• Following investments totaling USD 90 million, a 57 MW Gas Turbine goes into operation at the Steam Production and Electric Power Generation Units in 2007. The steam boilers are also converted to be able to operate on both fuel-oil and natural gas, providing not only fuel flexibility but also making PETKİM’s operations more environmentally friendly.
• In March 2007, PETKİM’s Solid-Liquid Waste Incineration Unit begins accepting waste from third party companies for incineration.
In 2007, a co-extruder unit producing FFS roll film goes into operation at the Bag Production Unit, and the use of FFS bags for all solid products is gradually phased-in to replaced the older, less efficient bags.
• A privatization tender for the state-owned shares of PETKİM, equivalent to a 51% stake in the Company, using the block sale method was announced. The tender, which is open to the public, takes place on July 5, 2007, and the sale of the shares to the second highest bidder, the SOCAR & Turcas Consortium, is approved by decision number 2007/63 of the Privatization High Council on November 22, 2007.
 
 
 
2008 – 2009
• The official sale of the state-owned 51% block of shares in PETKİM Petrochemical Holding Inc., to the second highest bidder, the SOCAR &  Turcas  Consortium, for USD 2.04 billion is formally completed. The agreement for the transfer of 51% of PETKİM’s shares to SOCAR &  Turcas  Petrochemical Inc., the company established by the SOCAR &  Turcas  Consortium, is signed on May 30, 2008.
• A 1.3 million m² parcel of land owned by PETKİM is allocated to the STAR Refinery Corporation for the establishment of a raw materials refinery.
• Major improvements in productivity are realized by upgrading technology in order to increase raw materials flexibility. PETKİM begins cracking not only naphtha but also LPG.
• As a part of PETKİM’s plans to expand its logistics infrastructure, the Company initiates a feasibility study for an expanded port and begins a detailed terminal planning project.
As a result of the Integrated Management System Certification Audit carried out by the Turkish Standards Institute, the decision is made to renew PETKİM’s ISO 9001 Quality Control Certificate and also to grant the Company ISO 14001 Environmental Management System and TS 18001 Occupational Health and Safety Management System certifications.
 
 
           2010
• PETKİM voluntarily joined the independent, international “Carbon Disclosure Project”; the Company established and announced its carbon emissions policies according to CDP guidelines.
• On June 23, 2010, STAR Refinery Inc. received the license for a 10 million ton capacity refinery at the PETKİM Complex.
• In order to boost the efficiency of port operations, PETLİM Port Operations and Commerce Inc. was established on November 22, 2010.
• Enterprise Resource Planning Project (ERP) is launched on October 1, 2010, and all operational processes began to be monitored through this initiative.
• The first phase of a master plan for the construction of a Value-Site, in collaboration with Jurong International, on the PETKİM Peninsula is completed.
• PETKİM’s capital is increased via bonus issues from TL 204,750,000 to TL 1,000,000,000.
• The Energy Market Regulatory Authority (EMRA) approved PETKİM’s application for the construction of a wind power plant, by the decision number 2922–16 dated November 15, 2010.
 
 
 
          2011
• Groundbreaking ceremony was held for STAR Refinery
• Capacity increasing investment has been realized in LDPE-T. Capacity was increased by 20% and official opening ceremony was held.
• Groundbreaking ceremony was held for Heydar Aliyev Meslek Lisesi
• Periodical Turnaround has been made for all plants
• Phase-1 of Master plan studies through Jurong International-Singapore Consultancy was completed
• Furnace rehabilitation in Aromatic plant
• Air Separation Unit was handover to Air Liquide
• Petkim’s property in Yarımca land has been sold
• New plants investment has been sign for XLPE, PET and BDX
• Ethylene capacity increasing agreement was signed
• Shareholder structure has been change. With Turcas gave up from shareholder, 51 per cent of share have been handover to SOCAR Turkey Energy Co, as a SOCAR Company
 
 
          2012
• A preliminary agreement was signed between Petlim Limancılık A.Ş., 100% subsidiary of Petkim, and APM Terminals, Dutch-based company active in operation and management of container terminals, for operation of the container port, which will be built in Petkim production facilities, by APMT.
• On February 22, 2013, an operation agreement was signed with APMT BV and APM Terminals for operation of the container port by APM Terminalleri Liman İşletmeciliği A.Ş. (APM Terminals).
• Following the expansion investment in August 2012, the capacity of PA plant increased from 34,000 tons/ year to 49,000 tons/year.
• In the National Awards of Quality, one of the most prestigious awards of Turkey, which was held in cooperation with TUSİAD and Kalder, Petkim was awarded National Quality Success Award in the category of Large-scale Institutions.
• Regarding its investments for capacity increase and new product developments, Petkim obtained Strategic Investment Incentive Certificate, which became effective in 2012 within the framework of strategic investments for decreasing current account deficit.
• Petkim was awarded with the first prize in the contest of “The Project Increasing Efficiency in Industry” organized by the Ministry of Energy and Natural Resources to encourage institutions to promate energy efficiency and savings. Participating to the contest with seven projects, which ensure TL 58 million annual savings and 140 thousand tons less CO2 emissions in a year, Petkim was awarded the First Prize in the category of large industrialists consuming energy more than 50,000 TEP.
• On December 25, 2012, in order to ensure continuity in procurement at appropriate costs in natural gas, one of the significant cost items, Petkim came to a mutual agreement with SOCAR Gaz Ticaret A.Ş., a subsidiary of SOCAR (State Oil Company of Azerbaijan Republic), main shareholder of the Company., to purchase natural gas up to 455 million Sm3 a year.
• The construction of Heydar Aliyev Technical and Industrial Vocational High School was completed with contribution of Petkim and was given to National Education Directorate of Aliağa to start education.
 
 
          2013
•Petkim was awarded with the grand prize in the Efficiency in Industry category of The National Energy Prizes contest held in January 2013.
•Petkim has been the first industrial institution to obtain ISO 50001 Energy Management System Certificate among the large-scale industrialists consuming energy more than 500,000 TEP.
•Petkim crowned its customer oriented efforts with TS ISO 10002 Customer Satisfaction Management System Certificate.
•In line with the integration targets, an operation agreement was signed on February 22, 2013 with APMT BV and APM Terminals for the operation of the Container Port by APM Terminalleri Liman İşletmeciliği A.Ş. (APM Terminals).
•Within the framework of the capacity increase projects in Ethylene and PTA plants, which are among the investments to increase market share of Petkim, works for the procurement of equipment and construction continued.
•Within the context of Employment Summit held by ISKUR, Petkim was awarded with “The Company Providing the Highest Employment”, “The Company Offering the Most Job-guaranteed Programs” and “The Top Company Providing on the Job Training Program” prizes.
•Petkim Academy was established to put the Company’s extensive knowledge in petrochemicals into the service of Petkim employees as well as industrial institutions and stakeholders within an academic environment.
•Ekip Petkojen, representing Petkim in the contest held by İzmir Kalder to promote quality works, was awarded with “Successful Team of the Year” prize with its project of Excellency Model in Team.
•Petkim was awarded with four prizes in Successful Industrial Enterprises Ceremony, which is held every year by the Aegean Region Chamber of Industry. Based on the operational results obtained in 2012, Petkim ranked second in the lists of “Largest Exporters” and “Largest Producers” while it ranked third in the list of “Employers Providing Highest Employment”. Besides, Petkim was awarded with the first prize in the category of “Employers Making Largest Investment” in the chemical industry.
 
 
          2014
•As part of the Petkim Wind Power Project, a final agreement was signed with Alstom.
• Following the purchase of 30% of shares worth USD 250 million, Goldman Sachs became a shareholder of Petlim Limancılık A.Ş., a 100% subsidiary of Petkim.
• Capacity at the Ethylene plant was increased by 13% to 588,000 tons/year, while the capacity at the PTA plant reached 105,000 tons/year having risen from 70,000 tons/year. As a consequence, Petkim’s gross production capacity increased by 13%. The plant underwent a comprehensive maintenance program as part of the broader structure of the Company.
• The Company’s Corporate Governance Rating rose to 9.01, following a study carried out by Kobirate.
• The Plastic Processing Plant came online at its new location.
• Petkim received the ISO 27001 Information Security Management System Certificate developed by TSI.
• Furthermore, Petkim became one of the 15 companies listed on the BIST Sustainability Index.
 
 
          2015
• Petkim’s new R&D Center was opened. In 1970, Petkim had assumed the leadership of an important process by setting up the ‘Research Center’ in the Yarımca Complex. After moving to Aliağa, Izmir, the R&D unit, which continued to operate in different buildings, was moved to the new center with 1,200 m2 of usable area consisting of 350 m2 pilot plants, an 850 m2 laboratory and offices. The R&D Center began to operate with the approval of the Ministry of Science, Industry and Technology.
• Petkim celebrated its 50th year of operation with its employees, senior officials from Petkim and SOCAR, the business and media world and distinguished guests from Turkey and Azerbaijan in a series of events.
• The capacity of the PTA plant, which supplies raw materials to textiles and PET packaging production, was increased from 70,000 tons/year to 105,000 tons/year.
• Petkim Port received the ‘Greenport Certificate’ following an audit carried out by the Directorate General of Merchant Marine and TSI (Turkish Statistics Institute).
• Petkim was selected as one of Turkey’s most digital companies. Accenture Turkey, which is evaluating the performance of digitalization in private sector companies at all stages from production to the customer, has implemented Digitalization Index. As a result of the work performed under a systematic approach and a scientific methodology, Petkim became the leader of the ‘Manufacture of Chemicals and Chemical Products’ sector.
• Petkim received the first prize in the Industrial Energy Efficiency Project competition organized by the General Directorate of the Renewable Energy of Ministry of Energy (YEGM). In the contest where the projects of industrial enterprises on increasing energy efficiency of their current systems evaluated, Petkim won the first place in the SEVAP-3 (50,001 TEP and higher) category, participating with total of 8 energy projects selected from the LDPE, Ethylene, Aromatics, ACN and LDPE-T plants.
• Petkim Petrokimya Holding A.Ş. established Petkim Specialities, which will produce advanced engineering plastics and high-tech chemicals. Petkim Specialities Mühendislik Plastikleri Sanayi ve Ticaret A.Ş., a 100% owned subsidiary of Petkim, with a capacity of 24 tons/year, will specialize in high quality products (masterbatch, compound) for sectors such as packaging, plastics, automotive, defence, medical, information technology in Turkey. Most of these products are currently imported.