Tüpraş Initiates Strategic Transformation to Become Carbon Neutral by 2050
Tüpraş, the pioneer of the Turkish energy industry since its establishment, announced its "Strategic Transformation Plan” in coordination with Koç Group’s Carbon Transition Program, aiming to maintain its leadership in the future of energy.
Strategy Investor Presentation
Tüpraş Today and Tomorrow
We have been producing Turkey's energy for exactly 66 years.
Million Tons Capacity
Global Energy Outlook
Although there are many different predictions for the energy market, the issue that everyone agrees on is; that a low-carbon future awaits us. In the transformation to a low-carbon future, it is evaluated that oil will maintain its importance for a long time.
Electricity is the backbone of achieving 'NetZero', enabling both electrification and green hydrogen production.
Oil, which has been the energy source of humanity for centuries, will gradually leave its place to alternative energy sources.
Despite the downward trend in oil demand , it will continue to be an important energy source in the transition period.
Turkey's Changing Energy Balances
Fossil fuel consumption
Turkey's fossil fuel production will reach its peak in 2030
Hydrogen will enter a period of rapid growth from 2030
Electric vehicles will be the leading vehicle in new vehicles in the passenger vehicle segment from 2030, and the majority vehicle type in the vehicle park before 2040.
While the diesel demand for commercial vehicles will be partially replaced by hydrogen, the installed refining capacity will still maintain its advantageous position.
Sustainable Aviation Fuel
SAF (Sustainable Aviation Fuel) will account for ~10% ofaviation fuel by 2030
What are we aiming for?
As Tüpraş, we will lead Turkey's energy transformation with our diversified energy portfolio. As we move forward with our customers to a zero-carbon future, we will continue to grow and create value for our stakeholders.
Where Is Our Journey Heading?
The change in consumer behavior triggers the Energy Transformation …
… we will maintain our leading position in Turkey by leading this transformation ...
…We aim to have a balanced and diversified clean energy portfolio in this journey ..
Strategic Transformation Plan
We believe in Turkey's green transformation and, as Tüpraş, we are starting to invest today for the energy of the future. Our main goal is; To be the leading zero-carbon energy company. We have all the resources we need to make this passion a reality.
Our Strategic Purpose
Becoming a Leading Zero-Carbon Energy Company
Our Strategic Priorities
Our strong financial structure andsupporting our understanding of sustainability
investing in new areas
Zero Carbon Electricity
Making existing assets more competitive and profitable to support transformation
Our Transformation Plan to Become a Carbon Neutral Company
Sustainable & Profitable Tüpraş
Average EBITDA of $1B per year
Average Investment Expenditures ~350 Million Yearly
Average Capital Used 25%
Net Debt/ EBITDA 2.0xx
Dividend Distribution Ratio Minimum 80%
Our Commitments – Emission Reduction
Areas to invest inr
For the Reduction of scope 1 and 2 Emissions in Refining
Emission Reduction (Scope 1 2)
Our Investment Areas
Refining will continue to contribute significantly to EBITDA.
We will continue to invest.
We will increase the profitability of refining.
We will focus on reducing Scope 1&2 Emissions
Annual Refining Investment ($ Mn)
Sustainable Refining – Operational Excellence
Improvement in Energy Intensity Index since 2008
Energy Efficiency Projects (2020)
713 Thousand TJ
Annual Savings (2020)
433 Thousand Tons
Co2 emissionreduction in the last 5 years
Waste Water Recovery
Waste water recovery in the last 5 years.
Reduction in the use of 23% of raw water consumed per crude oil.
Our Biofuels Business Plan
Producing Sustainable Jet Fuel..
Long-term high profitability
The best emission reducing alternative in Air Freight
It reduces greenhouse gas emissions by more than 50% compared to fossil jet fuel.
To produce sustainable Jet Fuel...
We will produce the energy of the future
We will invest in Zero Carbon Electricity..
The majority of Zero Carbon Electricity will be used for Green Hydrogen production, which will be sold to the heavy transport and logistics sector along with our refinery processes.
We will sell the remaining zero carbon electricity.
We will achieve an investment / cost optimization balance by obtaining zero carbon electricity (about 50% of the total need) through EASs .
The Role of Renewables in the Energy Transition̈
Green Hydrogen Production
Zero Carbon Electricity Sales
Powering Other Clean Technologies
Green hydrogen is a cyclical and environmentally friendly
will offer a solution
Connected Digital Processes
Provide Operational Transparency
Create an Intelligent, Autonomous and Remotely Managed Digital Refinery
Enable Operational Excellence and Sustainability
Digitize the Total Experience
Be Agile, Design the Future
IOT Smart Sensors
5G WIFI LORA
Artificial Intelligence And Data Analytics
Business Intelligence and Data Visalization
Robots and Drones
RTLS and Geolocation
Analytical Decision Support
DEVOPS / SECOPS
AI ve Data Analytic
Artificial Intelligence and Data Analytics
Streaming Data Analytics