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AL24 News
Integrated Phosphate Project to start in 2027
Algerian Minister of Hydrocarbons, Mohamed Arkab, announced that the integrated phosphate project has entered an actual implementation phase after the signing of two strategic contracts for the establishment of industrial and port facilities. The goal is to fully exploit natural resources and diversify the national economy. The project includes the creation of an industrial system for upgrading phosphate, converting it into fertilizers and strategic chemicals, and transporting it via a line from the eastern mine to the port of Annaba, with production expected to commence in the first quarter of 2027. The project aims to produce approximately 6 million tons annually of enriched phosphate and 4 million tons of fertilizers, in addition to chemical materials. This will enhance the value of the country's resources and transform Algeria from a raw material exporter into a producer and marketer of high-value-added products. It is based on cooperation with the Italian companySAIPEM and the Chinese company CHEC to enhance expertise and technology. The initiative is expected to contribute to increased exports, strengthen food security, and create job opportunities. Overall, it represents a strategic leap in transforming the country’s wealth and diversifying its economic resources.
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