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Total and Sonatrach sign JV deal for new project in Algeria

by ChemOrbis Editorial Team -
  • 21/01/2019 (09:40)
Algeria’s Sonatrach has announced in a press release that the company has signed an agreement with France’s Total to carry out a joint petrochemical project in Arzew, western Algeria, through a new joint venture, namely STEP (Sonatrach Total Entreprise Polymères).

The project includes a new PDH unit and a PP production unit with a capacity of 550,000 tons/year and it represents an investment of around $1.4 billion by the two partners.

The joint venture, of which 51% is owned by Sonatrach and the rest by Total, announced in May last year that the front-end engineering and design (FEED) process would start in the summer of 2018. However, the FEED works were delayed to November 2018.
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