Press Release
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.
Presentations

Strategy Investor Presentation
Tüpraş Today and Tomorrow
Today's Tüpraş...
We have been producing Turkey's energy for exactly 66 years.








4
Refinery

30
Million Tons Capacity

6.129
Worker
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

Our predictions
Fossil fuel consumption

Turkey's fossil fuel production will reach its peak in 2030
Hydrogen

Hydrogen will enter a period of rapid growth from 2030
Electric vehicles

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.
Diesel

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 and
supporting our understanding of sustainabilityinvesting in new areas

Biofuels

Zero Carbon Electricity

Green Hydrogen

Operational
Excellence
Making existing assets more competitive and profitable to support transformation
Our Transformation Plan to Become a Carbon Neutral Company
2022-2030

2031-2035

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

Energy efficiency

Decarbonization Projects

Green Hydrogen

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
Refining Investments

Developing EIIe

Annual Refining Investment ($ Mn)

Sustainable Refining – Operational Excellence
Gains
Energy Efficiency

Percentage Score
Improvement in Energy Intensity Index since 2008

30
Energy Efficiency Projects (2020)

713 Thousand TJ
Annual Savings (2020)

433 Thousand Tons
Co2 emissionreduction in the last 5 years
Waste Water Recovery
102Mm3
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


We will seize opportunities in emerging markets such as Heavy Transport and logistics .

With the conversion of H2 units, we will reduce emissions from our refinery processes by ~25% by 2040.

Green hydrogen is a cyclical and environmentally friendly
will offer a solution





Connected Operations


Connected Digital Processes


Connected People

Enabling Technologies
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
Big Data
5G WIFI LORA
Virtualization
Artificial Intelligence And Data Analytics
Edge Computing
Mobile Technologies
Data Governance
OPC UA
Cyber security
Business Intelligence and Data Visalization
Industrial Software
Digital Twin
Robots and Drones
RPA
AR/VR/XR
Cloud Computing
Asset Management
Cognitive Services
RTLS and Geolocation
Wearable Technologies
Predictive Maintenance
Wearable Technologies
Drones
Cobots
Robots
Cloud Computing
Mobile Technologies
Edge Computing
3D Printing
Analytical Decision Support
DEVOPS / SECOPS
AR/VR/XR
Weareble Technologies
RTLS
Chatbots
RPA
TAS
Contactless Sales
3D Simulation
AI ve Data Analytic
Artificial Intelligence and Data Analytics
NLP
Streaming Data Analytics
Chatbots
Blockchain
Cloud Computing
Mobile Technologies
RPA
BI Tools
Robots
Data Visualization
Agile Platforms