Dentons and its Turkish affiliate BASEAK have advised Ceyhan Terminal Hizmetleri on the construction, development, and financing of a greenfield terminal in Ceyhan, Turkiye, with financing provided by ING Bank, Banco Bilbao Vizcaya Argentaria, and Turkiye Vakiflar Bankasi. Clifford Chance and its Turkish affiliate CE Partners reportedly advised the banks.
Ceyhan Terminal Hizmetleri is a joint venture between Roenesans Holding and Stolthaven Terminals. According to BASEAK, the terminal will serve the Ceyhan Petrochemical Industrial Zone, initially supporting the propane dehydrogenation and polypropylene production facility developed by Ceyhan Polipropilen Uretim, and is expected to be operational by early 2028.
The BASEAK team included Partner Barlas Balcioglu and Counsels Ceren Su and Ceyda Aydin.
The Dentons team included Istanbul-based Partner Tamsyn Mileham and Trainee Solicitor Lara Battal as well as further team members in Paris, Munich, Amsterdam, and the UK.