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The national fertilizer industry is experiencing a new boom with new investments, with millions of tonnes exported to Europe.
This status is far from being supplanted. The PPI integrated phosphate megaproject, an Algerian-Chinese partnership, launched this recovery.
It’s about increasing those volumes by improving the raw materials. The country is investing heavily, and this dynamism does not leave foreign investors indifferent.
They are interested in establishing partnerships with the Algerian side. Various projects have been announced which will enable Algeria to be one of the leading countries in the world that exports fertilizer.
The Algeria Fertilizer Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2022 to 2030.
A Shareholders’ Pact was signed by the Algerian companies Asmidal, a subsidiary of Sonatrach (Hydra, Algeria), and Manal, as well as the Chinese companies Wuhuan Engineering Co.
Ltd. and Yunnan Tian’An Chemical Co. Ltd., to establish a joint-stock company in accordance with Algerian law and begin the initial phases of the development of an integrated phosphates project (PPI).
The Algerian party owns 56% of the new company, Algerian Chinese Fertilizers Company (ACFC), while the Chinese party owns 44%.
The PPI is the first integrated mining and fertilizer production project in Algeria. It will include dedicated port facilities at the port of Annaba, the chemical transformation of phosphates, the development and exploitation of the phosphate deposit, and the production of fertilizers.
The project will create approximately 12,000 jobs during the construction phase and, ultimately, approximately 6,000 direct jobs and 24,000 indirect jobs during the operating phase, resulting in significant socioeconomic growth in the eastern part of the country.
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