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Algerian, Italian companies seal 1.05 bln USD deal for petrochemical complex

ALGIERS
2024-03-08 09:44

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ALGIERS, March 8 (Xinhua) -- Algerian energy giant Sonatrach and Italian firm Tecnimont Spa on Thursday inked a 1.05 billion U.S. dollars contract here for the construction of a petrochemical complex in the eastern province of Skikda, Sonatrach said in a statement.

The complex's primary focus will be the production of linear alkyl benzene (LAB), a crucial raw material essential for the manufacturing of industrial detergents and cleaners.

This strategic project is intended to domestically generate 100,000 tons of LAB, with a view to reducing Algeria's reliance on imports and meeting the national demand for this essential ingredient in the detergent industry.
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