PETKİM Petrochemical Corporation is established with TL 250 million in capital.
Initial investments are made for the first PETKİM production facility at Yarımca, İzmit.
Construction of the Ethylene, PE, CA, VCM and PVC plants at the Yarımca Complex is completed and trial operations begin.
A decision is made to establish a second petrochemical complex in the Aliağa region.

Production begins at the Çanakkale Plastics Processing Plant.
The DDB plant within the Yarımca Complex is established and begins operations.
PETKİM’s capital is increased to TL 1.5 billion.
Expansions at the Ethylene and LDPE plants within the Yarımca Complex are completed.
The CB, Synthetic Rubbers (SBR-CBR), Styrene and PS plants at the Yarımca Complex begin operations.

Expansions of the VCM and PVC plants at the Yarımca Complex are completed and the Caprolactam units begin production.
As a result of the rapid growth of the Turkish automotive industry, the Petlas Tire Works Corporation is established on August 19, 1976 under the management of PETKİM.
PETKİM’s capital is increased to TL 8 billion, TL 40 billion and finally, TL 100 billion.
Auxiliary plants and shared facilities at the Aliağa Complex are completed.

Plants at the Aliağa Complex begin production.
The Aliağa and Yarımca complexes are converted into subsidiary companies named Alpet Corporation and Yarpet Corporation, respectively.
PETKİM is brought within the scope of the state privatization program under the provisions of law number 3291 dated May 28, 1986.

 

PETKİM’s capital is raised to TL 2 trillion in 1990 and TL 3 trillion in 1991.
Alpet and Yarpet, PETKİM subsidiaries, are absorbed into PETKİM along with all of their assets and liabilities, on the basis of their balance sheets as of August 31, 1990.
PETKİM’s Headquarters and the Aliağa Complex organizations are merged, and the Yarımca Complex is restructured into Yarımca Complex Management.
As a result of expansion and rehabilitation projects, capacity increases are achieved at the Aliağa Complex’s LDPE, HDPE, PP and ACN plants in 1993 and the Yarımca Complex’s PVC, PS, CB, SBR, CBR and BDX plants in 1995.

PETKİM earns a TS-EN-ISO 9002 Quality Assurance Certificate.
The Company’s record-keeping is converted from the Paid-up Capital System to the Authorized Capital System. The Company increases its capital to TL 117 trillion, on the basis of TL 114 trillion transferred from the Revaluation of Fixed Assets Fund.
 

Investments to replace the mercury cells used in chlorine production with membrane cells and to increase the chlorine production capacity of the Chlorine Alkali Plant to 100,000 tons/year are completed and production begins.
A second 20 MW condensing-type turbo-generator goes into operation at the Electric Power Generation Unit in 2001.
Capital is increased from TL 117,000 billion to TL 204,750 billion.
On the basis of the Privatization High Council’s decree, the Yarımca Complex is sold to Tüpraş.
The second expansion of the HDPE Plant, which increased production capacity from 66,000 tons/year to 96,000 tons/year, is completed in 2001.
The addition of a 17th reactor to the PVC plant is completed, increasing production capacity by 10,000 tons/year, in 2001.
The Çanakkale Plastic Processing Plant is shut down and the equipment from the plant is transferred to the Aliağa Complex.
The construction and installation of the Solid-Liquid Waste Incineration Unit is completed in 2002 and the unit begins operations in 2003.
PETKİM’s dry cargo jetty is opened for service to third parties.

Investments in the expansion of the Ethylene, LDPE and PP plants are begun in 2004 and completed in 2005. The capacities of the plants increase from 400,000 tons/year to 520,000 tons/year for Ethylene, from 190,000 tons/year to 310,000 tons/year for LDPE, and from 80,000 tons/year to 144,000 tons/year for PP. This represents the largest investment program undertaken in the past 18 years.
At the Aromatics Plant, PX capacity is increased from 100,000 tons/year to 136,000 tons/year, while benzene capacity is increased from 123,000 tons/year to 134,000 tons/year.
In a transparency survey conducted in 2006 by Standard & Poors and Sabancı University, PETKİM is ranked one of Turkey’s “Five Most Transparent Organizations”.
Following investments totaling USD 90 million, a 57 MW Gas Turbine goes into operation at the Steam Production and Electric Power Generation Units in 2007. The steam boilers are also converted to be able to operate on both fuel-oil and natural gas, providing not only fuel flexibility but also making PETKİM’s operations more environmentally friendly.
In March 2007, PETKİM’s Solid-Liquid Waste Incineration Unit begins accepting waste from third party companies for incineration.
In 2007, a co-extruder unit producing FFS roll film goes into operation at the Bag Production Unit, and the use of FFS bags for all solid products is gradually phased-in to replaced the older, less efficient bags.
A privatization tender for the state-owned shares of PETKİM, equivalent to a 51% stake in the Company, using the block sale method was announced. The tender, which is open to the public, takes place on July 5, 2007, and the sale of the shares to the second highest bidder, the SOCAR & Turcas Consortium, is approved by decision number 2007/63 of the Privatization High Council on November 22, 2007.
 

The official sale of the state-owned 51% block of shares in PETKİM Petrochemical Holding Inc., to the second highest bidder, the SOCAR &  Turcas  Consortium, for USD 2.04 billion is formally completed. The agreement for the transfer of 51% of PETKİM’s shares to SOCAR &  Turcas  Petrochemical Inc., the company established by the SOCAR &  Turcas  Consortium, is signed on May 30, 2008.
A 1.3 million m² parcel of land owned by PETKİM is allocated to the STAR Refinery Corporation for the establishment of a raw materials refinery.
Major improvements in productivity are realized by upgrading technology in order to increase raw materials flexibility. PETKİM begins cracking not only naphtha but also LPG.
As a part of PETKİM’s plans to expand its logistics infrastructure, the Company initiates a feasibility study for an expanded port and begins a detailed terminal planning project.
As a result of the Integrated Management System Certification Audit carried out by the Turkish Standards Institute, the decision is made to renew PETKİM’s ISO 9001 Quality Control Certificate and also to grant the Company ISO 14001 Environmental Management System and TS 18001 Occupational Health and Safety Management System certifications.

 Groundbreaking ceremony was held for STAR Refinery
 Capacity increasing investment has been realized in LDPE-T. Capacity was increased by 20% and official opening ceremony was held.
 Groundbreaking ceremony was held for Heydar Aliyev Meslek Lisesi
 Periodical Turnaround has been made for all plants
 Phase-1 of Master plan studies through Jurong International-Singapore Consultancy was completed
 Furnace rehabilitation in Aromatic plant
 Air Separation Unit was handover to Air Liquide
 Petkim’s property in Yarımca land has been sold
 New plants investment has been sign for XLPE, PET and BDX
 Ethylene capacity increasing agreement was signed
 Shareholder structure has been change. With Turcas gave up from shareholder, 51 per cent of share have been handover to SOCAR Turkey Energy Co, as a SOCAR Company