We provide continuous energy to our country while maintaining strong momentum in our operational and financial results, and we strive to generate sustainable value for our stakeholders and our economy.
We acknowledge our responsibility regarding our economic, social, and environmental impact areas. We use resources efficiently in all processes. We invest in the energy of the future and develop environmentally friendly production methods in line with our sustainability approach, making use of the resources we create in boosting the competitiveness and profitability of our current assets.
Tüpraş Value Generation Model
Strategic Transition Plan
Strategic Goal
Becoming a Leading Carbon Neutral Energy Company
Sustainable Refining
Biofuels
Zero Carbon Electricity
Green Hydrogen
Operational Excellence
CARBON NEUTRAL BY 2050
Inputs
FINANCIAL CAPITAL
Total equity of TL 67.2 billion
Total assets of TL 168.9 billion
Net debt of TL 16.6 billion
USD 173 million in consolidated capital expenditure
MANUFACTURED CAPITAL
Four refineries (30 million tonnes of crude oil processing capacity)
Five storage terminals (1.1 million m3)
15 tankers (648,050 DWT), 13 tugs, six mooring vessels, three service craft and one pilot vessel (as of 31 March 2023)
442 MW of installed capacity (8 hydro-electric power plants, one wind farm and one Natural Gas Cycle Power Plant)*
388.6 MW of installed capacity (Tüpraş gas turbine + Steam Turbines + Solar Power Plant)
15 million m2 refining production facility
SOCIAL AND RELATIONSHIP CAPITAL
Strong relationships in the Tüpraş ecosystem
Collaborations with NGOs, academia, public institutions and companies
Community investment projects
Sponsorships
Stakeholder relations
HUMAN CAPITAL
6,112 employees
601 female employees
1,822 employees paid on a monthly basis
4,290 employees paid on an hourly basis
10.7 years of average work experience
TL 15.2 million in education expenditures
INTELLECTUAL CAPITAL
61 R&D employees
TL 73.3 million in R&D expenditure
52 energy efficiency projects
13 R&D projects in priority strategic areas
Innovation/CVC
Data Analytics Offices at METU and ITU
NATURAL CAPITAL
19 different types of crude oil amounting to a total of 24.8 million tonnes from 11 countries, including Turkey, which have a specific gravity varying between 18 and 47 API.
33,515 TJ of natural gas (for process purposes)
27.1 million m3 in water consumption
91.676 TJ of energy consumption
TL 1,158 million environmental investment and operating expenditure
Sun, water, wind
Our Guides
OUR GOALS
To meet Turkey’s energy needs without interruption
Within the framework of the Strategic Transition Plan, Tüpraş aims to strengthen its operational excellence by increasing the competitiveness and profitability of its existing assets and aims to invest in strategic areas that support the concept of sustainability through the resources it creates.
MAIN GOALS
To render refining efficient and profitable, to increase the share of value-added (white) products in its portfolio and to direct revenues to low or zero carbon energy transition investments.
Green hydrogen production facilities,
Biofuel production facilities, especially Sustainable Aviation Fuel (SAF)
Wind, solar and other zero-carbon electricity generation plants
INTERMEDIATE GOALS
USD 50 million in CVC fund resources by 2030
80% dividend distribution ratio
Optimal level of indebtedness
For details, see Strategic Transition Plan pages 26-29.
OUR PRIORITIES
Greenhouse gas emissions
Climate change adaptation, resilience and transition
Air emissions
Water and wastewater
Anti-corruption
Employment practices
Biodiversity
Wastes
(Based on GRI11 and double materiality - for Stakeholders and Tüpraş)
OUR FACILITATORS
Digitalization
Strong R&D
Future Talent
Effective Risk Management
Long-lasting Corporate Culture
Our Operations
SUSTAINABLE REFINING
Crude Oil Supply, Refining and Sales Activities
Product range LPG, Gasoline/Naphtha, Jet Fuel/Kerosene, Diesel, Fuel Oil, Bitumen, Coke and other products
ZERO CARBON ELECTRICITY
Zero carbon electricity generation* (Entek and the Batman Solar Power Plant)
EXTERNAL FACTORS
Economic developments
The Climate Crisis
Geopolitical Crises
Changing Legal Regulations
Other Factors
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RISKS
Technical Safety and Environmental Risks
Financial Risks
Commercial Risks
Operational Risks
Strategic Risks
Compliance and Legal Risks
Reputational Risks
Climate Related Risks
Outputs
SUSTAINABLE REFINING
26 million tonnes of production
29.5 million tonnes of sales
Capacity utilization rate of 91.6%, including semi-finished products
79.5% white product ratio in production
94.9% Energy Intensity Index
95.5% a operational availability rate
ZERO CARBON ELECTRICITY
1,160 GWh in electricity generation
3,379 MWh in renewable electricity generation at the refineries Entek and the Batman Solar Power Plant
MARITIME TRANSPORT
10.6 million tonnes of crude oil
6.3 million tonnes of petroleum products
RAILWAY TRANSPORT
2.5 million tonnes of fuel products and intermediate products
250 thousand tonnes of iron ore
TRADING
Over 8 million tonnes in product trading
More than 10 million tonnes of spot crude oil connections
TL 44,377 billion in Paid tax and similar liability payments
TL 34.2 billion in Export income
63% total share in Turkish petroleum products market
TL 12.5 billion in dividends distributed
Corporate Governance Rating of 9.65
50% share of sustainability investments
Direct
Indirect
Public Institutions and Organizations
Shareholders and Investors
Financial Institutions
Customers
Employees
Trade Unions
Business Partners and Suppliers
HUMAN CAPITAL
215,589 hours of training
10% of employees are women
21% of mid-level managers are women
47.4% employee loyalty
5.7% employee turnover rate
0.26 LTI Frequency - OSHA
17.65 LTI Violence - OSHA
TL 4.7 billion in paid fees
Direct
Indirect
Employees
Business Partners and Suppliers
Trade Unions
MANUFACTURED CAPITAL
Production which meets 63% of the total consumption of petroleum products
Generation which meets 0.44% of total electricity consumption
Direct
Indirect
Customers
Business Partners and Suppliers
INTELLECTUAL CAPITAL
Emerald Technology Ventures, 11 investments, one exit
Tupras Ventures, one investment*
The Koç Group Companies First Private Venture Capital Investment Fund, one investment
*As of 31 March 2023
Direct
Indirect
Educational Institutions
Business Partners and Suppliers
Public Institutions and Organizations
SOCIAL AND RELATIONSHIP CAPITAL
Our Energy for Students
Social gender equality
TL 354.8 billion in business volume for suppliers
193,171 person*hours of OHS training for Business Partner employees
TL 288.7 million in donations and sponsorships
86% customer satisfaction
85% supplier satisfaction
79% contractor satisfaction
Direct
Indirect
Non-Governmental Organizations
Educational Institutions
Business Partners and Suppliers
The Media
NATURAL CAPITAL
Reduction in Scope 2 emissions of 1,486 tonnes of CO2e with generation of 3,379 MWh of renewable energy at the refineries
Reduction in emissions of 73,199 tonnes of CO2e
15.7 million m3 in water recovery
Additional annual savings with 1,320 TJ in energy efficiency
86.4% waste recovery rate
Direct
Indirect
All Stakeholders
*In 2022, Entek, which owns eight hydroelectric power plants, one wind farm and one natural gas cycle power plant with a combined capacity of 442 MW, joined Tüpraş. In addition, the tender processes for power plants with a combined capacity of 13.84 MW, including a wind farm with a capacity of 12.6 MW and a solar power plant with a capacity of 1.24 MW are continuing at the İzmir Refinery. The site application process continues for the 29.3 MW solar power plant at the Kırıkkale Refinery, with a Board Decision for the 28.5 MW solar power plant being awaited from EMRA. The site application process continues for the 5 MW solar power plant at the Batman Refinery.
