Potential offtaker

Turkiye Petrol Rafinerileri AS

www.tupras.com.tr

Estimated electricity consumption

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Countries of production presence

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Turkiye Petrol Rafinerileri AS, commonly known as Tüpraş, is a leading petroleum refining company based in Turkey. Established in 1961, the company is a subsidiary of Koç Holding, one of Turkey's largest conglomerates. With a refining capacity of 28.1 million tons per year, Tüpraş is the largest refining company in Turkey and one of the largest in Europe.

Tüpraş operates four refineries in Turkey, located in Izmit, Izmir, Kırıkkale, and Batman. The company's refineries produce a wide range of petroleum products, including gasoline, diesel, jet fuel, LPG, and asphalt. Tüpraş also operates a petrochemical plant in Izmit, which produces raw materials for the plastics industry.

As a major player in the petroleum refining sector, Tüpraş is well aware of the challenges posed by climate change and the need to decarbonize the energy system. The company has taken several steps to reduce its carbon footprint and transition towards a more sustainable energy future.

One of Tüpraş's key initiatives in this regard is its corporate energy program, which aims to improve the energy efficiency of its operations and reduce its greenhouse gas emissions. The company has invested in energy-efficient technologies and processes, such as heat recovery systems and cogeneration plants, to reduce its energy consumption and emissions.

Tüpraş has also embraced renewable energy as a key part of its decarbonization strategy. The company has invested in solar and wind power projects, both in Turkey and abroad, to diversify its energy mix and reduce its reliance on fossil fuels. In 2020, Tüpraş signed a corporate power purchase agreement (PPA) with a wind power plant in Turkey, which will supply the company with renewable energy for the next 10 years.

The corporate PPA is a key tool for Tüpraş to achieve its renewable energy goals. By signing a long-term contract with a renewable energy producer, the company can secure a stable and predictable supply of clean energy, while also supporting the growth of the renewable energy sector in Turkey.

Tüpraş's commitment to decarbonization and renewable energy is not only driven by environmental concerns but also by business considerations. The company recognizes that the transition to a low-carbon economy is inevitable and that companies that fail to adapt will be left behind. By embracing sustainability and renewable energy, Tüpraş is positioning itself as a leader in the energy transition and ensuring its long-term competitiveness.

In addition to its environmental and business goals, Tüpraş is also committed to social responsibility and community engagement. The company has implemented several initiatives to support the communities where it operates, including education and healthcare programs, environmental protection projects, and cultural and sports activities.

Overall, Tüpraş is a leading petroleum refining company that is taking proactive steps to address the challenges of climate change and transition towards a more sustainable energy future. Through its corporate energy program, renewable energy investments, and community engagement initiatives, Tüpraş is demonstrating its commitment to environmental and social responsibility, while also ensuring its long-term competitiveness in the energy sector.

✓ Declared Net Zero commitment