On April 9, Turkey's MetCap Energy Investment announced on Monday that the company plans to develop a polyethylene (PE) and polypropylene (PP) plant in Turkey with its joint venture partner Qatar, Fusion Dynamics, which owns 50% of the total shares.
According to MetCap Energy Investment Company, the new PP and PE plant will be built in Enez on the Aegean coast of Turkey in Europe. This new plant will bring natural gas from the Turkey-Greek gas pipeline and new imports to be built as part of this project. The terminal imports liquefied natural gas (LNG), PP and PE as raw materials.
The planned $4 billion new plant will have the capacity to convert 2.1 billion cubic meters of natural gas into 2.6 billion cubic meters of methanol per year. In turn, methanol will be converted to 1 million tons of light olefins per year and converted to 400,000 tons of PE. And 59 million tons of PP.