Turkish manufacturer of polymers of Petkim Company, the controlling shareholder of which is the Azerbaijan of SOCAR, has declared force majeure on ethylene and propylene supplies from its oil complex in Aliaga, according to ICIS.

The company was forced to turn off the cracker in Aliaga due to a technical failure, which occurred on July 17. It is expected that the cracker will be closed milking the end of July.

Closing cracker led to disruptions in the supply of raw materials for the production of derivatives, including acrylonitrile, and ethylene glycol.

Power cracker Aliagha to 588 thousand. Tonnes per year of ethylene and 271 thousand. Tonnes per year of propylene.

As reported by the MRC before, at the end of 2015 Petkim Holding has created a company for the production of high-tech engineering compounds and masterbatches.

Petkim Petrokimya Holding A.S. – Turkish Chemical Company. The controlling stake (61.32%) is the State Oil Company of Azerbaijan Republic (SOCAR). The remaining shares are owned by TURCAS. The company carries out the production of polymers (PE, PP, PVC, PA), detergents, packaging and so on. N.