Rönesans Holding's Strategic Investment
Rönesans Holding, one of Turkey's leading construction and investment groups, has secured the financing for the polypropylene (PP) production facility and terminal project, which is set to be one of the largest investments in the private sector in Turkey. With a total investment amounting to $2 billion, this venture stands out as a strategic investment to enhance Turkey's industrial competence, reduce its external dependency, and strengthen its position in global trade.The financing for the PP production facility from the US International Development Finance Corporation (DFC), and for the terminal investments from the Spanish Export Credit Agency (Cesce), totaling $1.3 billion, underscores the global importance of the project.PP Production Facility and Terminal
The PP Production Facility and Terminal were financed separately by international financiers. The first of these is the PP Production Facility, which will be implemented in partnership with Sonatrach. The facility, with a production capacity of 472,500 metric tons per year, will meet approximately 17% of Turkey's polypropylene demand."This investment is a testament to our commitment to sustainable and value-added investments that support Turkey's economic development and industrial goals," said Erman Ilıcak, Honorary Chairman of Rönesans Holding. "The Ceyhan PP Facility will not only create hundreds of new job opportunities in the region but also ensure a sustainable and competitive supply chain for vital raw materials like PP for industries in Turkey and Europe."On the other hand, the second investment will be a liquid cargo terminal facility jointly developed by Stolthaven Terminals, a subsidiary of Stolt-Nielsen, in the field of terminal services. The terminal will provide storage services for both the PP production facility and potential future customers.Strong Partnerships and Sustainable Practices
Both projects will utilize the latest eco-friendly technologies to ensure sustainability and production efficiency. The PP production facility aims to achieve the lowest greenhouse gas emissions per produced PP globally while benefiting from 100% renewable electricity and high-efficiency production methods. 
