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Chemical Week Magazine :: Business & Finance :: Europe/Mideast
Sonatrach Picks Total and Consortium for Petchem JVs
10:33 AM MDT | July 25, 2007 | Chemical Week Editorial Staff
State-owned energy company Sonatrach (Algiers) has selected its foreign joint venture partners for two previously announced world-scale petrochemical projects at Arzew, Algeria (CW, May 31/June 7, 2006, p. 25). The company will link up with Total to build an ethane cracker and ethylene derivatives complex, and with a consortium including Lurgi, Mitsui & Co., and Qurain Petrochemical Industries (Kuwait City) to build a methanol plant. The ethylene complex will cost about $3 billion, Total says. Total will hold 51% of the jv, and Sonatrach will have the rest...
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