ISTANBUL, April 17, 2025 /CNW/ -- Rönesans Holding, one of Türkiye's largest contracting and investment conglomerates, has closed the financing to progress the development of a major new PP production plant and terminal facility, which will be one of the largest private sector investments in Türkiye.
A total of $1.3 billion in financing, led by the U.S. International Development Finance Corporation (DFC) for the PP production plant and Spain's Export Credit Agency (Cesce) for the PP production plant and terminal, underscoring the project's global importance.
This landmark undertaking, valued at $2 billion, is expected to boost Türkiye's industrial self-sufficiency and strengthen its global trade position – reducing the country's import dependence.
Ceyhan Polipropilen Üretim Anonim Şirketi will be one of the largest industrial investments ever undertaken by the private sector in Türkiye and the largest investment in Rönesans' history, expected to directly contribute $300 million annually to Türkiye's balance of payments.
The investments secure landmark partnership with Africa's largest company, SONATRACH and one of the world's leading integrated supply chain solution providers for specialty liquid bulk chemicals, Stolt-Nielsen.
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