Stolthaven Terminals, a company under the Stolt-Nielsen Group, has entered into a partnership with Turkey’s Rönesans Holding to develop a new terminal at the Port of Ceyhan on Turkey’s Mediterranean coast.
The facility will form part of a large-scale new development, valued at US$2 billion, that also includes a polypropylene (PP) production plant, which Rönesans Holding will develop separately, with an expected annual production capacity of 472,500 tonnes, meeting roughly 17 per cent of Turkey’s PP demand.
Stolthaven Terminals and Rönesans Holding will jointly develop the terminal, which will include a deep-sea jetty and feedstock storage services for the new plant.
Stolthaven said the terminal’s location in the Ceyhan Energy Specialised Industrial Zone will mean it will also be ideally positioned to provide other customers with efficient and competitive storage and handling services in southern and central Turkey.
The aim is to expand the facility into a chemical terminal to support the future development of the industrial zone.