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Eastern Mediterranean Petrochemical Cluster Secures Over $3 Billion in Investment

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The Eastern Mediterranean Petrochemical Cluster, Dapek, in Turkey has secured more than $3 billion in investment, enabling the development of a polypropylene production facility, a liquid bulk terminal, and a container port, developer Ronesans Holding said on Thursday.

The 1,300-hectare petrochemical cluster is designed as an industrial hub that co-locates production and logistics through energy and port infrastructure, the statement said.

The polypropylene production facility and liquid bulk terminal are estimated to cost $1.8 billion, according to the company, with an annual production capacity of 472,500 metric tons and target completion by the end of 2027.

Dapek continues to seek medium- and high-technology industrial investments for future developments. It said it is under discussion with companies in different industries, including petrochemicals, chemicals, energy equipment, composite materials, and biofuels.

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