Algeria: Sonatrach Chooses Versalis for Feasibility Study Chemical Complex to Be Built in North Africa
Versalis and Sonatrach signed in Algiers a Memorandum of Understanding to carry out joint feasibility studies for an integrated petrochemical complex to be built in Algeria.
Milano/Italy — The agreement follows the cooperation agreement signed last November and provides for the terms of a study aiming at enhancing hydrocarbons with value added petrochemical products through the development, in Algeria, of one or a few world-scale industrial petrochemical facilities. Sonatrach is a national Algerian company tasked with the production, transport, processing and marketing of hydrocarbons.
The Italian chemical producer will offer its industrial experience in managing large petrochemical plants, and the access to its proprietary technologies, within the framework of strategic joint projects.
Versalis is part of Eni chemical company and operates in a host of businesses such as plastics and rubbers, and has recently been focusing on the bio-based business. With production levels of 6 million tonnes and a turnover of € 6 billion in 2013, the company produces Intermediates,Polyethylene, Styrenics and Elastomers.