1/5/2021 Construction of a polypropylene plant in partnership with Sonatrach - Turkey invests $ 1.

2 billion - Atlas Development

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01 / 12 / 2018

Construction of a polypropylene plant in partnership with Sonatrach –

Turkey invests $ 1.2 billion

After the Augusta re nery recently acquired in Italy, Sonatrach is pushing ahead in Turkey with, as
an almost guaranteed prospect, the establishment of a polypropylene plant on Turkish soil.
The Turkish conglomerate Ronesans Holding and the Algerian company Sonatrach will invest
more than a billion dollars in the construction of a polypropylene plant in Turkey. The facility will
be built in the Ceyhan Industrial Zone in Adana Province in southern Turkey. This is the rst time
that Sonatrach’s investment in Turkey has been announced. It was given yesterday by Ronesans
Holding President Erman Ilicak, for an investment of $ 1.2 billion in total, Reuters reports. The
contract with the Turkish partner will be signed “in the near future”, according to Sonatrach Group

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1/5/2021 Construction of a polypropylene plant in partnership with Sonatrach - Turkey invests $ 1.2 billion - Atlas Development

CEO Abdelmoumen Ould Kadour. “We are well advanced in our discussions with the Turkish
partner, and I believe that we will sign, shortly with the Turkish partner for the realization of a
propylene unit in Turkey”, speci ed Mr. Ould Kaddour in a press conference following the signing
ceremony of a contract between a Sonatrach subsidiary and the British Petrofac for the increase of
gas production capacity of the Tinhert elds. After the Augusta re nery recently acquired in Italy,
Sonatrach is pushing ahead in Turkey with, as an almost guaranteed prospect, the establishment
of a polypropylene plant on Turkish soil. The public hydrocarbon company continues to reorient its
activities internationally. This investment will allow Abdelmoumen Ould Kaddour’s group to
reduce its imports of propylene products from China in particular. Sonatrach’s Turkish project is
also demonstrating the Group’s desire to accelerate its internationalization strategy with the
acquisition of the Augusta re nery in Italy as the rst element of conquest, the creation of a joint
venture dedicated to trading. and the marketing of re ned products, the opening of the natural gas
export business to foreign partners and the investment in a polypropylene production platform in
Turkey. These investments illustrate in any case Sonatrach’s ferm belief that only international
investments could offset, in part, the fall in the country’s foreign exchange earnings as a result of
the decline in crude prices on the international market. Sonatrach’s strategy, balanced by the
reduction of imports of certain products that will be manufactured at its facilities abroad and
conquer foreign markets in the eld of re ning and petroleum products, seems to be winning, at
least on paper. In its project in Turkey, in association with Ronesans, Sonatrach will be a
shareholder with 30% and will provide the load of 450,000 tonnes of propane for the unit. A
memorandum of understanding with the Turkish company was signed in August 2017 for the
completion of a feasibility study on a propane dehydrogenation plant project in Turkey. In any
case, Sonatrach’s appetite for petrochemicals has never been so erce, especially at the
international level where the group has so far been virtually absent, at a time when many national
oil companies were accelerating in the acquisitions and joint ventures able to in uence the world
of re ned products.

Maghreb Emergent
12/01/2018

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