On August 12, 2025, the PLASFED delegation visited SOCAR Turkey CEO Elchin Ibadov at his office to discuss the raw material issues facing the plastic industry and the strategic role of Petkim. The meeting also brought forward proposals for strengthening collaboration and increasing production capacity.
The PLASFED (Federation of Plastic Industry) delegation, led by Chairman Ömer Karadeniz, visited SOCAR Turkey CEO Elchin Ibadov as a courtesy visit. The delegation included PLASFED Secretary Member Erol Aykut, Board Member Halil Gökhan Can, Audit Board Members Arif İzzet İlter and Özgür Sönmez, PLASİAD members Mustafa Ateş and Tarık Özdemir, and PAGDER Board Member Ömer Köstek. The meeting addressed the current state of the plastic industry, issues regarding raw material supply, and solution proposals. Additionally, the strategic contributions of Petkim, one of Turkey's most significant petrochemical production facilities, to the sector were emphasized.
Karadeniz: “PETKIM is a strategic partner”
PLASFED President Ömer Karadeniz emphasized that Petkim is not only a raw material producer for the plastic industry but also a strategic partner. He stated that fluctuations in raw material procurement and global price pressures have put industrialists in a difficult position. “Our proposal is to accelerate investments aimed at increasing Petkim's capacity, increase the share allocated to the domestic market, and implement mechanisms that will ensure long-term price stability. These steps will enhance both production continuity and the competitiveness of the sector. We aim to further deepen our collaboration with SOCAR Turkey to jointly increase our country's production power. Directly conveying the sector's needs from the field will accelerate the solution process. I believe this visit will mark the beginning of concrete steps for both Petkim and our plastic industry,” he said.
Ibadov: “We are a symbol of the strong partnership between Azerbaijan and Turkey”
SOCAR Turkey CEO Elchin Ibadov stated that SOCAR Turkey and all group companies operate as a strong symbol of the robust economic and social partnership between Azerbaijan and Turkey. He mentioned that they are the largest foreign direct investor and the largest integrated industrial group in Turkey with over $18.7 billion in investments in their 17th year in Turkey, saying, “We are committed to making our strategic investments in Turkey permanent and will continue our efforts to ensure that investments contribute to the economies of both countries. In January 2025, we decided to proceed with the preliminary work regarding a new investment effort, known as the 'Master Plan,' which will contribute to the future of petrochemicals in Turkey. Accordingly, we have completed the initial feasibility studies and have moved to the Pre-FEED (Preliminary Front-End Engineering Design) phase, where detailed technical analyses are conducted. Following this process, we will move toward the FEED (Front-End Engineering Design) phase and the investment decisions for a comprehensive project that includes both the establishment of new process units and the modernization of our existing units.”
Translated by Artificial Intelligence
