Chinese Group Asia-Potash International Investment Presents $1.6 Billion Fertilizer Project in Algeria
The Chinese group Asia-Potash International Investment, specializing in fertilizer production, presented a $1.6 billion project to the Algerian Agency for Investment Promotion (AAPI) on Thursday, September 25.
Project Overview
According to an AAPI statement, the plan aims to create an integrated industrial complex for the valorization of phosphate and the production of ammonia, urea, and compound fertilizers. The project would use natural gas as its primary resource for operations.
Presentation and Discussions
The presentation was made by a delegation from the Guangzhou-based company, led by Vice President Zeng Yue, during a meeting with AAPI President Omar Rekache. The discussions focused on the economic feasibility of the investment and its compatibility with Algeria's national development strategy, which emphasizes the valorization of mineral resources and the integration of renewable energies. The AAPI highlighted that Algeria has the necessary assets, including phosphate deposits and abundant natural gas resources, particularly in the eastern part of the country.
Project Significance and Next Steps
This project is part of Algeria's ambitions to diversify its economy and strengthen the local transformation of natural resources. However, no launch decision has been made yet. Both parties agreed to continue discussions and organize further meetings, including via video conference, to examine the technical aspects and implementation modalities.
Context and Previous Proposals
It is worth noting that this is not the first time the Chinese group has proposed a project of this type in North Africa. In January 2025, Asia-Potash had already presented a similar project in Egypt.
