US firm intends to invest in Turkish petrochemical sector
US company Energy Allied intends to invest $3 billion in the sector of production of petrochemical products in Turkey, Anadolu news agency quoted Turkish Economy Minister Zafer Caglayan as saying on Thursday.
The company intends to build a plant for the production of coal, ammonia, and sulfuric acid. Energy Allied also plans to build a plant for the production of fuel and alternative diesel fuel in the country, Caglayan said.
According to Caglayan, 4,000 jobs will be created due to the Energy Allied's investments in Turkey. After the plants start operating, Turkey will reduce import of energy products by $1.5 billion a year.
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