BY: Hana Saada
ALGIERS- STEP Polymers Spa, a subsidiary of the renowned oil group Sonatrach, has recently announced the awarding of the EPC (Engineering, Procurement, & Construction) contract to the Petrofac – HQC consortium for the construction of a complex in the town of Arzew. This state-of-the-art infrastructure is expected to produce a whopping 550,000 tons/year of polypropylene, with a total investment of 1.5 billion USD.
The selection process for this project was launched in April 2021, through a limited consultation, targeting the world’s leading experts in the construction of petrochemical complexes. According to a press release from the group, the contract was awarded to the Petrofac – HQC consortium, who submitted the lowest bid, in accordance with the procurement procedure in force within STEP Polymers Spa, for a period of completion.
This significant milestone marks a new chapter in the growth and development of STEP Polymers Spa, as they continue to expand their operations and cement their position as a leading player in the petrochemical industry. With the expertise and experience of the Petrofac – HQC consortium, the project is expected to be completed on time and to the highest standards of quality and safety.
Overall, this exciting news is a testament to the commitment and dedication of all parties involved in this project, and we look forward to seeing the positive impact it will have on the industry and the local community.
