SNEP

What SNEP does

SNEP (Société Nationale d'Electrolyse et de Pétrochimie) is a Moroccan public-listed chemical and petrochemical company founded in 1973 and headquartered in Casablanca, with a single integrated manufacturing facility on a 22-hectare site in Mohammedia. The company operates two product lines: Vinyl Products (PVC resin in three grades — AT76, AT08, AT86 — and a portfolio of 60+ standard PVC compound formulations for injection and extrusion applications) and Electrolysis Products (caustic soda, sodium hypochlorite, chlorine, and hydrochloric acid). Core production technology is membrane electrolysis, adopted in 2003 to replace mercury-based electrolysis, which supplies chlorine for captive PVC production and chlor-alkali co-products for industrial sale. The company meets Moroccan (NM EN896, NM EN901, NM EN937), European (REACH, EU directive 2008/84/CE), and Food Chemical Codex standards, with triple ISO 9001/14001/45001 certification.

SNEP is the only producer of PVC and chlorine in Morocco and the dominant domestic supplier of caustic soda and sodium hypochlorite, serving enterprise B2B customers across mining, construction and BTP, water treatment and sanitation, automotive, agriculture and irrigation, food processing, and textile sectors. The go-to-market model is direct enterprise field sales led by a Commercial and Marketing Director, with no retail or e-commerce distribution. The company was privatized in 1993 through acquisition by YNNA Holding, conducted an IPO on the Casablanca Stock Exchange in 2007 (37.08% of capital), and was added to the MSI20 index in December 2020. Revenue is generated through bulk chemical product sales under negotiated enterprise contracts, with no public pricing disclosed. The company is currently executing a multi-year 650 MDHS capacity expansion program targeting 120,000 tonnes of PVC and 115,000 tonnes of caustic soda annual capacity, with the recently launched Compound PVC project representing a downstream move into higher-value formulated products.

Name

SNEP

Legal name

Société Nationale d'Electrolyse et de Pétrochimie

Website

https://snep.ma

Company type

Public

Founded year

1973

Operating status

Operating

Headcount range

501–1,000 employees

Short description

SNEP is Morocco's sole producer of PVC resin and chlorine, operating an integrated chlor-alkali and vinyl manufacturing complex in Mohammedia that serves enterprise B2B customers across construction, mining, water treatment, automotive, agriculture, food processing, and textile sectors through direct sales.

Ownership category

akta.pro rank

Product category

Industrial Petrochemicals

NAICS

Resin and Synthetic Rubber Manufacturing (32521), Petrochemical Manufacturing (32511), Chemical Manufacturing (325)

SIC

Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821), Industrial Organic Chemicals (2860), Chemicals & Allied Products (2800)

akta.pro primary industry

PVC & Chlor-Vinyl Chain (Chlor-Alkali, EDC/VCM, PVC) (IMAEADAF)

akta.pro secondary industries

Chlor-Alkali & Derivatives (IMAEAAAC), PVC & Chlorinated Polymers (IMAEANAB), Polymer Compounds & Masterbatches (Compounding, Color/Fill/Additive Concentrates) (IMAEANAJ)

Keywords

• PVC manufacturing
• Caustic soda production
• Chlor-alkali chemicals
• Vinyl petrochemicals
• Industrial chemical manufacturing

Headquarters

HQ city

Mohammedia

HQ country

Morocco

HQ region

Africa

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Infrastructure, Personnel, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. Chemical Product Sales: SNEP generates revenue through the production and sale of vinyl products (PVC resin, compound PVC) and electrolysis products (caustic soda, sodium hypochlorite, chlorine, hydrochloric acid) to industrial customers in Morocco. Products serve multiple sectors including mining, construction, sanitation, water treatment, automotive, irrigation, and food processing.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

SNEP produces and commercializes strategic chemical products in Morocco through two main divisions: Vinyl Products (PVC resin in three grades and PVC Compound formulations) and Electrolysis Products (caustic soda, sodium hypochlorite, chlorine, and hydrochloric acid). The company operates an integrated manufacturing facility in Mohammedia using membrane electrolysis technology, serving industrial sectors including mining, construction, water treatment, automotive, irrigation, food processing, and textiles. SNEP is the only producer of PVC and chlorine in Morocco.

Product overview

SNEP (Société Nationale d'Electrolyse et de Pétrochimie) is a Moroccan chemical and petrochemical company that operates two main product lines: Vinyl Products and Electrolysis Products. The Vinyl Products division includes PVC resin (in three grades: AT76/KW66, AT08/KW56, and AT86/KW70) and PVC Compound formulations (over 60 standard compounds for rigid and plasticized applications). The Electrolysis Products division produces Caustic Soda (liquid at 30%/50% or solid flakes at 98%), Sodium Hypochlorite/Bleach (at 50 chlorometric degrees), Chlorine (primarily for PVC production and water treatment), and Hydrochloric Acid (industrial grade at ~30%). SNEP is the leader of the Moroccan market for vinyl products and the only producer of PVC and chlorine in Morocco. The company operates a manufacturing facility in Mohammedia spanning 22 hectares, using membrane electrolysis technology for its electrolysis products.

Differentiator

Problem solved

Functional benefit

Products and services

• PVC (Polyvinyl Chloride) PVC resin produced as the only manufacturer of plastic materials in Morocco, available in three grades: AT76 (KW66), AT08 (KW56), and AT86 (KW70), used in sanitation, construction, textiles, and packaging applications.
• PVC Compound Pre-formulated PVC compounds for extrusion and injection applications, offering over 60 standard formulations across rigid and plasticized categories for roller shutters, cable trays, irrigation tubes, footwear, cables, and seals, with customization available for specific client requirements.
• Caustic Soda (Soude Caustique) Sodium hydroxide produced via membrane electrolysis process, meeting Moroccan food standard NM EN896, FCC (Food Chemical Codex), and European directive 2008/84/CE. Available in liquid form (30% or 50% concentration) and solid flake form (98% concentration). SNEP is the main producer and supplier of caustic soda in Morocco.
• Sodium Hypochlorite (Eau de Javel) Sodium hypochlorite produced by SNEP using membrane electrolysis, meeting Moroccan food standard NM EN901. Used for water disinfection, household purification, and prevention of algae growth in cooling towers. Produced at a concentration of 50 chlorometric degrees. SNEP is the main producer and supplier in Morocco.
• Chlorine (Chlore) Chlorine produced via membrane electrolysis, primarily used in PVC production. Liquefied chlorine is marketed for drinking water treatment. Meets Moroccan food standard NM EN937. SNEP is the only supplier of chlorine in Morocco.
• Hydrochloric Acid (Acide Chlorhydrique) Industrial-grade hydrochloric acid commercialized at approximately 30% concentration. Used for chemical pickling of steel, acidification of oil wells, calcium chloride production, and ore processing. SNEP is the main producer and supplier in Morocco.

Quantifiable outcome

• SNEP achieved 6.8% revenue growth in 2018 driven by positive infrastructure projects and mining activities.
• +1 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators8 records

Recent moves13 records

Expansion highlights5 records

Direct peers

• Tronox Holdings: Global integrated TiO2 producer with a co-located chlor-alkali business producing chlorine, caustic soda, and derivatives. Comparable chlor-alkali manufacturing footprint and industrial customer mix to SNEP.
• Tata Chemicals: Indian producer of soda ash, salt, and chlor-alkali derivatives (including caustic soda and sodium hypochlorite). Directly comparable chlor-alkali product portfolio and B2B industrial customer base to SNEP's electrolysis line.
• Kem One: European PVC and chlor-alkali producer with membrane electrolysis technology. Comparable mid-scale integrated PVC/chlor-alkali producer with similar customer base in pipes, profiles, and compounds.
• Orbia Advance Corporation (Vestolit / Alphagary): Mexican-listed chemicals group with Vinyls (Vestolit) and Polymer Solutions (Alphagary) divisions producing PVC resins and specialty PVC compounds. Directly comparable in PVC compounding and chlor-alkali integration, with a similar emerging-market listing profile.
• Westlake Corporation: US-based integrated chlor-alkali and PVC producer with North American and European assets. Directly comparable product portfolio (chlor-alkali, PVC resin, compounds) and integrated value chain structure to SNEP.
• INEOS Inovyn: Europe's largest integrated PVC and chlor-alkali producer, operating membrane electrolysis and PVC resin/compound production. Closely comparable business model to SNEP's chlor-alkali-to-PVC integrated chain, but at much larger scale and with broader geographic reach.

Broad incumbents

• SABIC: Saudi petrochemical giant producing PVC, caustic soda, and a broad chemical portfolio. Overlaps with SNEP on chlor-alkali/PVC and represents the dominant regional incumbent in Middle East petrochemicals.
• Shin-Etsu Chemical: World's largest PVC producer and major chlor-alkali player through Shintech. Operates the same integrated chlor-alkali-to-PVC model as SNEP, but at global scale across US, Europe, and Asia.
• Formosa Plastics Corporation: Taiwan-based petrochemical major with integrated PVC, caustic soda, and chlor-alkali operations. Overlaps SNEP's core product portfolio and vertical integration model, but serves global markets.

Regional players

• OQ (Oman Oil + Chemicals): Omani integrated energy and chemicals group with chlor-alkali and PVC exposure in the MENA region. Comparable regional petrochemical platform to SNEP and a potential competitor in North African chemical markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SNEP