Mundo: Rönesans Holding to Fuel Economic Growth with New $2 Billion Polypropylene (PP) Production Plant and Terminal Investment

(Información remitida por la empresa firmante)

SONATRACH aims to position itself among the top five national oil firms in the global energy industry, focusing on efficiency and profitability whilst maintaining its role as a cornerstone of the Algerian economy. The group plan to invest over $59 billion as part of its strategy to develop its operation. This investment is expected to generate more than $68 billion in additional revenue, with 50% of with to be reinvested into renewing reserves, expending production capacity, and employee training.

About Stolthaven Terminals

With a global network of 15 owned and joint-venture terminals, Stolthaven Terminals provides five million cbm of storage and distribution services for bulk liquids including chemicals, clean petroleum products, liquified petroleum gases, vegetable oils, biofuels and oleochemicals. Stolthaven’s mission is to deliver value to its customers through operating state-of-the-art terminals which complement the capabilities of its sister companies Stolt Tankers and Stolt Tank Containers, ensuring an efficient ship-to-shore interface with the aim of reducing potential demurrage costs and facilitating agile and competitive supply chains. All within an environment of assured quality, safety and environmental protection.

Stolthaven Terminals is a division of Stolt-Nielsen Limited (SNL). A long-term investor and manager of businesses focused on opportunities in logistics, distribution and aquaculture. The Stolt-Nielsen portfolio consists of its three global bulk-liquid and chemicals logistics businesses – Stolt Tankers, Stolthaven Terminals and Stolt Tank Containers – Stolt Sea Farm and investments in LNG. Stolt-Nielsen Limited is listed on the Oslo Stock Exchange (Oslo Børs: SNI).

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