Creation of an Algerian-Chinese Company for the Integrated Phosphates Project

Source: 3/22/2022, Location: Africa

The Algerian groups ASMIDAL (subsidiary of SONATRACH) and MANAL on the one hand, the Chinese companies WUHUAN and TIAN'AN on the other hand, proceeded today in Algiers, to the signature of a Shareholders' Pact for the creation , in partnership, of a joint-stock company under Algerian law to begin preliminary activities relating to the development of the integrated phosphates project (PPI). The new company called “ Algerian Chinese Fertilizers Company, by abbreviation ACFC”, is 56% owned by the Algerian party and 44% by the Chinese party.

Representing an investment of approximately seven (07) billion USD, the PPI is the first integrated project in Algeria in the field of mining and fertilizer production. It will include the development and exploitation of the phosphate deposit of Bled El Hadba, Djebel Onk, wilaya of TEBESSA, the chemical transformation of phosphates in Oued Kébérit, wilaya of SOUK AHRAS, the manufacture of fertilizers in Hadjar Soud, wilaya of SKIKDA, as well as dedicated port facilities at the port of ANNABA.

After the completion of the project, the company will eventually produce 5.4 million tons of fertilizer per year.

The project will induce considerable socio-economic growth in the eastern region of the country, in particular through the creation of approximately 12,000 jobs in the construction phase and, ultimately, in the operating phase, approximately 6,000 direct jobs and 24,000 indirect jobs.

The selection of the two Chinese partners results from an open call for expressions of interest launched by the Algerian side in May 2021.

The Industrial Group Fertilizers and Phytosanitary Products called “ ASMIDAL ”, was created on September 1 , 1984, following the restructuring of the SONATRACH Group.

Its portfolio is made up of three (03) subsidiaries and four (04) holdings, specializing in the production, marketing and development of fertilizers, nutrients and phytosanitary products, as well as in the fields of industrial maintenance, training and surveillance and conveyance services.

The Industrial Group Manadjim Eldjazair – MANAL – was created on February 16, 2011, succeeding the Société de Gestion des Participations SOMINE Spa.

MANAL manages a portfolio of 10 subsidiaries and holdings specializing in the exploration and exploitation of mines and quarries as well as in the processing, development and marketing of mining products.

Wuhuan EngineeringCo. Ltd., is an international engineering company integrating technical research and development, engineering technology, engineering services and industrial operations. Since its establishment in 1958, WUHUAN has completed more than 2,000 engineering design projects and more than 100 turnkey projects in China and abroad. WUHUAN has accumulated rich experiences in engineering design, procurement, construction and commissioning as well as operation and maintenance of fertilizer plants, such as phosphate and nitrogen fertilizer, etc. WUHUAN has global credentials in the phosphate, coal and natural gas chemical industry and is already considered the most experienced and capable Chinese enterprise in this field.

Yunnan TIAN'AN Chemical Co. Ltd. is one of the most well-known nitrogen and phosphate fertilizer production company in China. TIAN'AN is experienced in fertilizer production management and has a wide marketing network in China, the United States, the Middle East, Southeast Asia and more than 10,000 franchisees and distributors around the world.

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