Petkim Petrokimya Holdings As

What Petkim Petrokimya Holdings As does

Petkim Petrokimya Holding A.Ş. is Turkey's first and only integrated petrochemical company, founded in 1965 and majority-owned (51%) by SOCAR Turkey Enerji A.Ş., the Turkish subsidiary of Azerbaijan's state oil company SOCAR, with the remaining 49% publicly traded on Borsa Istanbul under ticker PETKM. The company operates 15 main and 6 auxiliary production facilities on a 1,453-hectare site in Aliağa, İzmir, designated as Turkey's first Private Industrial Zone in 2018, with 3.6 million tons annual gross production capacity. Petkim produces approximately 60 petrochemical products including ethylene, polypropylene, polyethylene (HDPE, LDPE), PVC, PTA, synthetic rubbers, styrene, and other thermoplastics and chemical intermediates.

The company's business model centers on B2B petrochemical raw material supply to Turkish manufacturers across 12+ industrial verticals (plastics, chemicals, packaging, construction, automotive, electronics, textiles, pharmaceuticals, agriculture, detergents, cosmetics) and exports to approximately 40 countries. Revenue is generated through transaction-based sales of core petrochemical products (89 billion TL net sales in 2025, with 38 billion TL from foreign sales), supplemented by port operations via Petkim Limancılık with APM Terminals partnership, accredited laboratory analysis services (ISO 17025), and waste acceptance services supporting circular economy initiatives. A unique structural advantage is vertical integration with the adjacent STAR Rafineri (10 million tons/year crude capacity), which supplies naphtha feedstock directly to Petkim's crackers and creates approximately 30 million USD in operational synergies.

Recent strategic positioning emphasizes digital transformation (WEF Global Lighthouse Network membership, Ethylene Furnace Optimization Model), sustainability leadership (8th of 206 in Sustainalytics ESG, ISCC Plus certification, 51 MW Petkim RES wind farm), and capacity expansion via the Petkim Master Plan project with Technip Energies (MOU signed July 2026, covering new ethylene, polypropylene, polyethylene units, flexible feedstock solutions, and green energy initiatives). The company recorded 1,150+ employees and was recognized as the Aegean region's top exporter in 2020, 2022, 2023, and 2025.

Name

Petkim Petrokimya Holdings As

Legal name

PETKİM PETROKİMYA HOLDİNG ANONİM ŞİRKETİ

Website

https://petkim.com.tr

Company type

Public

Founded year

1965

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Petkim is Turkey's first and only integrated petrochemical company, producing approximately 60 petrochemical products including ethylene, polyethylene, and PVC from 15 main facilities in Aliağa, İzmir, serving 12+ domestic industrial verticals and exporting to 40 countries. Majority-owned by SOCAR Turkey (51%), with 49% publicly traded on Borsa Istanbul as PETKM.

Ownership category

akta.pro rank

Product category

Petrochemicals

NAICS

Petrochemical Manufacturing (325110), Petrochemical Manufacturing (32511), Other Basic Organic Chemical Manufacturing (32519)

SIC

Industrial Organic Chemicals (2860), Chemicals & Allied Products (2800)

akta.pro primary industry

Polyesters & PET Chain (PTA, MEG, PET) (IMAEADAG)

akta.pro secondary industries

Styrenics (Styrene Monomer, PS, EPS, ABS) (IMAEADAE), Chemical & Petrochemical Plant Construction (IMAFADAA)

Keywords

• Petrochemical manufacturing
• Thermoplastics production
• Polymer raw materials
• Industrial chemicals supply
• Ethylene production

Headquarters

HQ city

Aliaga

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Petrochemical Product Sales: Core revenue from sale of ~60 petrochemical products including ethylene, polypropylene, polyethylene, PVC, PTA, and other petrochemical derivatives. Sold 2.1 million tons of products across 19 main commercial products in 2025. Net sales revenue of 89 billion TL in 2025. Foreign sales of 38 billion TL in 2025.
2. Port Operations: Petkim operates port and logistics services supporting its petrochemical operations and external customers. Container terminal operated with APM Terminals partnership.
3. Laboratory Paid Analysis Services: Accredited laboratory services (ISO 17025) providing paid chemical analysis to external customers beyond internal needs.
4. Waste Acceptance and Circular Economy: Petkim accepts industrial waste from external customers, supporting circular economy and generating revenue from waste management services.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels7 records

Core offering

Petkim is Turkey's first and only integrated petrochemical company, producing approximately 60 petrochemical products including ethylene, polypropylene, polyethylene, PVC, PTA, acrylonitrile, synthetic rubbers, styrene, and specialty chemicals from 15 main and 6 auxiliary facilities in Aliağa, İzmir. The company supplies roughly 9-10% of Turkey's domestic petrochemical raw material needs while exporting to approximately 40 countries, and operates supplementary port/logistics services, ISO 17025-accredited laboratory analysis, waste acceptance services, and the 51 MW Petkim RES wind power plant.

Product overview

Petkim Petrokimya Holding A.Ş. is Turkey's first and only integrated petrochemical company, producing approximately 60 petrochemical products including ethylene, polypropylene, polyethylene (HDPE, LDPE), PVC, PTA, synthetic rubbers (SBR, CBR), styrene, and other thermoplastics and chemical intermediates. The portfolio spans core petrochemical production units, port/logistics operations through its container terminal, laboratory analysis services, and sustainable waste management services. The company operates 15 main and 6 auxiliary production facilities in Izmir Aliağa, with supporting infrastructure including a wind power plant (Petkim RES) for renewable energy supply.

Differentiator

Problem solved

Functional benefit

Products and services

• Petkim Petrochemical Products Portfolio Approximately 60 petrochemical products including ethylene, polypropylene, polyethylene (HDPE, LDPE), PVC, PTA, synthetic rubbers (SBR, CBR), styrene, acrylonitrile, and other thermoplastics and chemical intermediates serving plastics, chemicals, packaging, construction, agriculture, automotive, electronics, textiles, pharmaceuticals, detergents, and cosmetics manufacturers.
• Petkim Port Operations Port and logistics services including container terminal operations with APM Terminals partnership, handling import/export cargo for petrochemical products and supporting integrated refinery-petrochemical logistics.
• Laboratory Paid Analysis Services ISO 17025-accredited laboratory services providing chemical analysis and testing for petrochemical products, supporting quality assurance and compliance testing for customers and third parties.
• Waste Acceptance Services Sustainable waste management services accepting various industrial waste types for circular economy purposes, including chemical, petroleum, organic, and packaging wastes from external customers.
• Petkim RES Wind Power Plant Renewable energy generation facility with 17 wind turbines and 51 MW capacity (38 MW electricity generation license), supplying clean energy to Petkim operations and contributing to sustainability targets with GCC voluntary emissions reduction certification.

Quantifiable outcome

• 3.6 million tons annual gross production capacity; 2.1 million tons sold across 19 main products in 2025
• +6 more outcomes

Named customers9 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Eleven partnerships are on record, tiered core, moderate and minor.

• Technip Energies Italy S.p.A.coreStrategic or Co-development Partner · 9 July 2026SOCAR and Technip Energies signed a memorandum of understanding for potential cooperation within the Petkim Master Plan project. The project covers petrochemical expansion including new ethylene, polypropylene, and polyethylene units, flexible feedstock solutions, and green energy initiatives. Petkim has completed the pre-FEED stage and plans to finalize FEED agreements in Q3 2026. This MOU represents an expansion of long-standing cooperation between SOCAR and Technip Energies.
• SOCAR Turkey Energy A.Ş.coreOthersSOCAR Turkey Energy A.Ş. acquired 51% of Petkim in 2008 for 2.04 billion USD through the SOCAR&Turcas Joint Venture Group. Turcas later exited, transferring its stake to SOCAR. SOCAR Turkey Energy holds majority ownership and controls Petkim's operations as part of the SOCAR Turkey Refinery and Petrochemical Business Unit.
• STAR Rafineri A.Ş.coreStrategic or Co-development PartnerSTAR Rafineri is a SOCAR Turkey group company operating a 10 million ton/year crude oil refinery adjacent to Petkim's Aliağa site. Petkim became an indirect 12% shareholder of STAR Rafineri. The refinery-petrochemical integration enables Petkim to receive naphtha feedstock directly from STAR Rafineri, creating feedstock flexibility and operational synergies estimated at 30 million USD. Petkim's 1,300 decare land was allocated for STAR Rafineri's development.
• APM TerminalscoreChannel Partner/ Reseller/ DistributorAPM Terminals operates Petkim's container terminal through a partnership agreement signed in 2012-2013. The container terminal's 800,000 TEU first phase became operational in 2016, with a second phase completed subsequently. The terminal supports port operations for Petkim and external customers.
• SiemensmoderateTechnology or IntegrationSOCAR Turkey and Siemens formed a strong partnership to modernize Petkim's energy infrastructure. Siemens provided energy infrastructure modernization services at the Aliağa facilities.
• Air LiquideminorStrategic or Co-development PartnerThe Air Nitrogen and Oxygen plant at Petkim was transferred to the French company Air Liquide in 2011.
• Alstom (now GE Renewable Energy)moderateTechnology or IntegrationAlstom signed the final contract in 2014 for the Petkim RES (Petkim Wind Farm) project. The wind farm uses Alstom turbines as part of its 51 MW installation.
• İzmir Economy University (Izmir Ekonomi Universitesi)minorStrategic or Co-development PartnerPetkim partnered with Izmir Economy University on a Life Cycle Assessment (LCA) project for ACN (Acrylonitrile) and C4 products, calculating carbon footprint, water consumption, and acidification environmental impacts from STAR Refinery's crude oil entry to Petkim's naphtha delivery.
• SOCAR Turkey Gönüllüleri (SOCAR Volunteers)minorOthersSOCAR Turkey employee volunteer program under which environmental, health, sports, animal protection, and social projects are implemented. Petkim participates in beach cleanup, underwater cleaning, and other community initiatives.
• SOCAR Energy SchoolminorOthersSOCAR Energy School is an educational initiative of SOCAR Turkey providing training programs. The fourth term opening ceremony was held at Petkim's Aliağa facilities.
• SOCAR TurkeycoreOthersSOCAR Turkey is the parent group encompassing Petkim, STAR Rafineri, SOCAR Turkey Akaryakıt Depolama, and SOCAR Turkey Enerji Dağıtım under the Refinery and Petrochemical Business Unit. SOCAR Turkey has invested over 18 billion USD in Turkey and employs over 5,500 people.

Scale indicators14 records

Recent moves9 records

Expansion highlights5 records

Broad incumbents

• Braskem: Latin American petrochemical leader in PE, PP, and PVC. Comparable in polyolefin focus and cyclical commodity exposure; competes in global polymer markets that overlap with Petkim's export destinations.
• Sabic (Saudi Basic Industries): Global petrochemical giant producing olefins, polyolefins, and downstream specialty chemicals. Directly comparable product portfolio (ethylene, PE, PP, PTA, styrenics) and competes with Petkim in export markets across Mediterranean, Europe, and Asia.
• Reliance Industries (Petrochemical segment): Integrated refining-to-polyolefins-to-polyester producer with massive scale. Directly comparable in PTA/PET chain and polyolefins; global cost benchmark Petkim must compete against in textile, packaging, and plastics export markets.
• INEOS: European-headquartered petrochemical major producing olefins, polyolefins, and styrenics. Comparable in petrochemical product breadth and competes with Petkim in Mediterranean and European export markets, particularly for PP, PE, and PVC.
• TotalEnergies (Petrochemicals segment): Integrated energy major with significant petrochemical operations in polyolefins and specialty chemicals. Comparable as an integrated upstream-petrochemical platform competing with Petkim in European polymer markets.
• LyondellBasell: One of the world's largest polyolefin producers with integrated refining-petrochemical operations. Closely comparable in ethylene/PE/PP production scale and downstream polymer strategy; competes in global polyolefin markets and benchmarked on petrochemical cyclicality.

Regional players

• ENKA İnşaat: Turkish diversified industrial group with petrochemical and construction interests. Comparable as a major Turkish industrial/petrochemical-related platform, though with a different business mix; relevant for understanding domestic Turkish capital markets peers and industrial peers.
• Tüpraş: Turkey's largest oil refiner and a key domestic energy/petrochemical feedstock partner. Comparable as a major Turkish industrial platform with downstream petrochemical exposure; competes for the same domestic customer base and is integrated into Turkey's refining-petrochemical value chain alongside Petkim.

Others

• SOCAR (State Oil Company of Azerbaijan Republic): Petkim's 51% controlling shareholder and parent group; comparable as an integrated petrochemical operator and the entity driving the Petkim Master Plan expansion. Not a competitive peer but the most important strategic/governance counterparty for Petkim.

Emerging players

• Oriental Petrochemical (Taiwan): Asian PTA and polyester chain producer with comparable exposure to the polyester/PET value chain where Petkim is positioned. Represents the kind of regional capacity Petkim competes against in PTA and downstream polyester markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/PetkimOfficial
• Facebookfacebook.com/petkimofficial
• LinkedInlinkedin.com/company/petkim-petrokimya-holding-a.s./?viewAsMember=true

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Petkim Petrokimya Holdings As