Investor Presentation Financial Highlights
Strategic Transition Plan - Investment Areas
SUSTAINABLE REFINING
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ZERO CARBON ELECTRICITY
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Energy Efficiency and Decarbonization Projects
Remain as a Major EBITDA Contributor
Improve energy efficiency to drive up profitability
Diversify product portfolio through lighter chemicals
Within 2022-2035;
~2.3 bn USD capex, ~13 bn USD Cumulative EBITDA
Integrating Zero Carbon Electricity to produce Green H,
Ensure affordable green H₂ production, capturing
electrification demand
Primarily supply zero carbon electricity for H2 production,
remaining portion to be sold.
Within 2022-2035;
~1.3 bn USD capex, ~400 MUSD Cumulative EBITDA
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BIOFUELS
Becoming the Lead SAF Supplier in Turkey
Capture changing market for liquid fuels, ensure long term
profitability in aviation sector.
Conversion of existing unit in İzmir to produce Sustainable
Aviation Fuel (SAF)
Within 2022-2035;
~600 MUSD capex, ~1.1 bn USD Cumulative EBITDA
Dec-23
Investor Presentation
Strategy
H₂
GREEN HYDROGEN
Reducing Refining Emissions
Capture changing market for land transportation, reduce
refining emissions.
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Reduce Scope 1-2 emissions of refineries. Followed by H2
sales, starting from 2030.
Within 2022-2035;
~690 MUSD capex, ~640 MUSD Cumulative EBITDA
www.tupras.com.tr
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