Rönesans inks deal with Port of Rotterdam

ROTTERDAM

Rönesans Holding has said it signed a framework agreement with the Netherlands-based Port of Rotterdam to boost cooperation to further develop the Ceyhan Mega Petrochemical Industrial Zone in Turkey.

According to a company statement released on Sept. 19, the framework cooperation agreement was signed on Sept. 17 in Rotterdam by Rönesans Holding President Erman Ilıcak and Allard Castelein, the president and CEO of the Port of Rotterdam.

Rönesans Holding is leading the development of the Ceyhan Mega Petrochemical Industrial Zone in the south of Turkey with its planned petrochemical investment in the industrial zone, according to the statement.

“Along with this investment, Rönesans Holding will cooperate with Port of Rotterdam to develop the entire zone with additional investments and best operation/management practices which were gained by the 150 years of port development and management experience,” the company said.

Within the scope of the framework agreement, Rönesans and Port of Rotterdam will start working on the development of a petrochemical cluster and attracting global brands for investment to the zone, it added.

The projects in the Ceyhan Mega Petrochemical Industrial Zone will primarily focus on petrochemical plants in a bid to reduce Turkey’s import of such products and its current account gap and to make a significant contribution to the national economy, the company also said.