Turkey Launches 2 Billion Dollar Project to Cut Imports and Create 4800 Jobs

Rönesans Holding has secured financing for a $2 billion petrochemical and port infrastructure project in Ceyhan, marking one of the largest private sector investments in Turkey’s history. This development will significantly boost domestic polypropylene (PP) production and reduce the country’s reliance on imports.

The centerpiece is a PP plant developed with SONATRACH, Algeria’s state energy company, which will provide raw materials. The facility will have an annual output of 472,500 tons, meeting around 17% of Turkey’s demand, and will operate entirely on renewable energy. It will be built in the DAPEK industrial zone, known for its logistical and financial advantages.

The second component involves the creation of a dedicated terminal, in collaboration with Stolthaven Terminals, to handle bulk liquid storage and streamline supply chains for the new plant and future customers in the region.

Erman Ilıcak, Honorary President of Rönesans Holding, emphasized that the project not only enhances industrial self-sufficiency but also draws 100% foreign funding, highlighting Turkey’s growing appeal to global investors. The initiative is expected to reduce Turkey’s trade deficit by $300 million annually and generate 4,500 construction jobs and 300 permanent positions.

SONATRACH’s CEO, Rachid Hachichi, said Turkey’s thriving industrial base and rising PP consumption make it a prime location for this venture. With global demand on the rise, the investment is forecasted to deliver strong returns.

The project also includes green initiatives, such as a welding training center and local education support, reinforcing Rönesans’s commitment to social development and sustainable growth. Backed by international lenders including DFC, ING, BBVA, and Deutsche Bank, the venture underlines a global vote of confidence in Turkey’s future.