Investing for babies involves knotty trade-offs

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Sonatrach-Ronesans: Final Investment Decision for Polypropylene Project in Turkey



Published: Monday, September 9, 2024


Sonatrach and its Turkish partner Ronesans Holding announced the Final Investment Decision (FID) for the propane dehydrogenation and polypropylene production project (PDHPP) in Turkey.

The project will be located in the Ceyhan petrochemical industrial zone in Adana, Turkey, and will include a propane dehydrogenation unit (PDH), a polypropylene unit (PP), and shared utility and storage facilities.

Sonatrach, through its subsidiary Sonatrach Petroleum Investment Corp (SPIC BV), holds a 34% stake in the project, while Ronesans Holding holds 66%. Sonatrach will supply propane under a long-term agreement based on global market prices.

This project aligns with Sonatrach's strategy of international expansion and hydrocarbon valorization, particularly in the petrochemical sector.



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