Algeria is planning an investment of $28bn in the country’s petrochemicals industry over the next five years with developments located on the country’s east and west coasts.
The investment include recent contracts to build ethane and methanol plants by Almet, a consortium set-up for the projects by Lurgi, Japan's Mitsui & Company, Kuwait's Al-Qurain Petrochemical Company and the local Sotraco.
Algeria is attractive to foreign investors due to low cost of feedstock there and its proximity to Europe.
The investment include recent contracts to build ethane and methanol plants by Almet, a consortium set-up for the projects by Lurgi, Japan's Mitsui & Company, Kuwait's Al-Qurain Petrochemical Company and the local Sotraco.
Algeria is attractive to foreign investors due to low cost of feedstock there and its proximity to Europe.
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