We are happy to share that together with Dentons, our Firm advised Ceyhan Terminal Hizmetleri A.Ş., a joint venture between Rönesans Holding and Stolthaven Terminals, in respect of the construction, development and financing of a new greenfield terminal in Ceyhan, Türkiye, which will provide storage and handling services to the Ceyhan Petrochemical Industrial Zone. ING Bank, Banco Bilbao Vizcaya Argentaria S.A., and Türkiye Vakıflar Bankası T.A.O provided the financing.

The terminal facility will initially service the propane dehydrogenation and polypropylene production facility being developed by Ceyhan Polipropilen Uretim A.Ş. It is planned to be in operation latest by early 2028.

Our team comprised partner Barlas Balcıoğlu, counsel Ceren Su and counsel Ceyda Aydın, while Dentons team included partner Tamsyn Mileham (Istanbul) on the financing, partner Marc Fornacciari and counsel Inès Tantardini in Paris on project documentation, trainee solicitor Lara Battal in Istanbul, counsel Surbhi Malhotra-Trenkel in Munich, partner Marcel Janssen in Amsterdam and partner Matthew Sapte and associate Andrew Gallagher in the UK.

About Balcıoğlu Selçuk Eymirlioğlu Ardıyok Keki Attorney Partnership

Balcıoğlu Selçuk Eymirlioğlu Ardıyok Keki Attorney Partnership is an Istanbul-based full-service law firm led by almost 100 experienced professionals since 2007, each well equipped to provide creative and diligent transaction counselling and cutting-edge legal services. We advise national and multinational clients, including Fortune 500 companies on corporate and M&A, banking and finance, capital markets, competition and antitrust, public policy and regulation, employment and labor, project finance, real estate and construction, infrastructure and PPPs, franchising and distribution, trade, WTO and customs, intellectual property, data and technology, data protection, privacy and cybersecurity, arbitration, litigation and dispute resolution, and tax matters.