{"id":28166,"date":"2018-05-28T13:40:12","date_gmt":"2018-05-28T13:40:12","guid":{"rendered":"https:\/\/v2.ecomnewsmed.com.ecn-01.ovea.com\/2018\/05\/28\/algeria-total-and-sonatrach-will-launch-a-petrochemical-project-worthing-1-4-billion\/"},"modified":"2020-08-11T11:33:09","modified_gmt":"2020-08-11T09:33:09","slug":"algeria-total-and-sonatrach-will-launch-a-petrochemical-project-worthing-1-4-billion","status":"publish","type":"news","link":"https:\/\/www.ecomnewsmed.com\/en\/2018\/05\/28\/algeria-total-and-sonatrach-will-launch-a-petrochemical-project-worthing-1-4-billion\/","title":{"rendered":"Algeria: Total and Sonatrach will launch a petrochemical project worthing $1.4 billion"},"content":"\nThis project, subjected to the agreement of the Algerian regulatory authorities, comprises a propane dehydrogenation (PDH) unit and a polypropylene production unit with an output capacity of 550,000 tons per year.\nIn fact, it appears that plastic demand is soaring considerably. Therefore, this agreement would valorize propane produced in large quantities locally, into polypropylene, a plastic for which demand is growing significantly.\nWhat about the target? It will supply in priority the local and Mediterranean demand, and Total will take care of the commercialization of the rest of the production in Europe.\n\u201cThis project in Algeria illustrates our petrochemical growth strategy which consists of expanding our activities from a competitively advantaged feedstock, especially derived from gas, to take advantage of the growing global plastics demand\u201d explained Patrick Pouyann\u00e9, Chairman and Chief Executive Officer of Total.\nAccording to Total, this project will also enhance the historic partnership between both parties. In fact, Total\u2019s exploration and production activities in Algeria date back to 1952.\nDiscover out our latest videos about the economic news in\u00a0Algeria :\u00a0\n\n\n\u00a0\n\u00a0\n\u00a0\n\u00a0\n","author":80,"featured_media":0,"comment_status":"open","ping_status":"open","template":"","tags":[5754,5752,5764,5763,5766,5751,5756,5753,2961,5760,5750,5762],"location":[5547],"class_list":["post-28166","news","type-news","status-publish","hentry","tag-business","tag-business-support","tag-communities","tag-direct-broadcasting","tag-economic-analysis","tag-economy","tag-employment","tag-entrepriseslife","tag-institutions","tag-mediterranean-exchanges","tag-news","tag-trending","location-algeria"],"short_url":"","have_related_news":null,"chapo":"As stated by Total in a press release, the French company has recently made a deal with the Algerian state-owned corporation, Sonatrach, within the framework of their comprehensive partnership, announced in 2017. The agreement foresees the launch of engineering studies for a petrochemical project this summer, in Arzew, western Algeria. It will represent an investment of around $1.4 billion by both partners (Sonatrach 51%, Total 49%).","media":null,"media-news-header":null,"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Algeria: Total and Sonatrach will launch a petrochemical project worthing $1.4 billion - Ecomnews Med<\/title>\n<meta name=\"description\" content=\"This project, subjected to the agreement of the Algerian regulatory authorities, comprises a propane dehydrogenation (PDH) unit and a polypropylene\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ecomnewsmed.com\/en\/2018\/05\/28\/algeria-total-and-sonatrach-will-launch-a-petrochemical-project-worthing-1-4-billion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Algeria: Total and Sonatrach will launch a petrochemical project worthing $1.4 billion - 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