Rönesans Holding and Sonatrach have formed a partnership to build a polypropylene production plant in Turkey. The $1.2 billion investment will be located in the Ceyhan Mega Petrochemistry Industry Zone and will have a production capacity of 450,000 tonnes. The facility is expected to start operating in 2023 and will help reduce Turkey's current deficit by $450 to $500 million annually. The contract for the project was signed by Rönesans Holding's Dr. Erman Ilıcak and Sonatrach CEO Abdelmoumen Ould Kaddour, with the attendance of Turkey's Minister of Industry and Technology, Mustafa Varank.
Rönesans Holding has partnered with Algerian national energy company Sonatrach to develop a polypropylene production plant in Turkey, with a $1.2 billion investment. It is in the Ceyhan Mega Petrochemistry Industry Zone.
The proposed facility, which will be the first investment in the area, will feature a production capacity of 450,000 tonnes. Set to become operational in 2023, the facility will reduce Turkey’s current deficit by $450 to $500 million each year.
The contract for the development of the polypropylene production facility, a joint investment by Rönesans Holding and Sonatrach, was signed by Dr. Erman Ilıcak and Sonatrach CEO Abdelmoumen Ould Kaddour on November 28, 2018 in a ceremony attended by Mustafa Varank, the Republic of Turkey’s Minister of Industry and Technology.