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Signature(s)

Amount
€ 40,000,000
Countries
Sector(s)
Türkiye : € 40,000,000
Industry : € 40,000,000
Signature date(s)
29/04/2014 : € 40,000,000
Link to source

Summary sheet

Release date
9 July 2012
Status
Reference
Signed | 29/04/2014
20120012
Project name
Promoter - financial intermediary
PETKIM ETHYLENE PLANT
Petkim Petrokimya Holding A.S.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 40 million
EUR 92 million
Location
Sector(s)
Description
Objectives

Capacity expansion and modernisation of the existing mid-sized ethylene plant in Aliaga (near Izmir).

The project will increase the efficiency of the existing plant and reduce operating cost, thus adding local value to the diversification of Turkey’s industrial base while reducing import dependency. The project should help to keep prices down on ethylene-derived products. This in turn should support the domestic supply to local downstream industrial activities. Local employment will further be safeguarded and indirect employment created. Employment will further be created during the two-year implementation period.

Environmental aspects
Procurement

An equivalent project in the EU would fall under Annex II of EU Directive 2011/92. An Environmental Impact Study (EIS) has been prepared, public consultations have been held and the Environmental Impact Assessment (EIA) has been approved by the competent authority. The plant additions comply with best available technology (BAT) standards. Additional environmental load is limited and partly reversed into a net gain, such as e.g. for NOx, due to the partial burner replacement with low NOx burners. The non-technical summary (NTS) and the EIS have been disclosed according to national law. An English translation of the NTS and the project relevant parts of the original Turkish EIS document are available on the EIB website.

The Bank will require the promoter to ensure that any procurement procedures are done in accordance with the Bank’s Guide to Procurement

Link to source
Summary sheet
Other links

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

Documents

Environmental and Social Data Sheet (ESDS) - PETKIM ETHYLENE PLANT
Publication Date
2 Feb 2014
Document language
Main Topic
Lending
Document Number
45505731
Document Focus
Environmental Information
Project Number
20120012
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Impact Assessment (ESIA) - PETKIM ETHYLENE PLANT - Petrokimya Entegre Proje
Publication Date
20 Sep 2016
Document language
Main Topic
Lending
Document Number
53219891
Document Focus
Environmental Information
Project Number
20120012
Sector(s)
Countries
Publicly available
Download now
Non-Technical Summary (NTS) - Petro-chemistry Integrated Project
Publication Date
17 Jun 2014
Document language
Main Topic
Lending
Document Number
53221933
Document Focus
Environmental Information
Project Number
20120012
Sector(s)
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - PETKIM ETHYLENE PLANT
Publication Date
17 Sep 2016
Document language
Main Topic
Lending
Document Number
69147671
Document Focus
Environmental Information
Project Number
20120012
Sector(s)
Countries
Publicly available
Download now
Other links

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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