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  1. #1
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    Petrochemicals: Ammoniac complexes in Algeria

    Samedi 17 mars 2007 -- Le président de la République, M. Abdelaziz Bouteflika, et le roi d’Espagne, Juan Carlos 1er, ont procédé, avant-hier, au lancement du projet de la future usine de production d’ammoniac, Ammoniac 3, du complexe Fertial, dans la zone industrielle d’Arzew.

    Arrivés sur le site, le président de la République et son hôte ont suivi une présentation de ce projet, faite par le président du groupe espagnol Vilar Mire. Ce responsable a rappelé que son groupe a investi plus de 117 millions de dollars pour l’augmentation du capital de Fertial et la modernisation des installations existantes (comme pour la construction de la nouvelle usine).

    Ce projet, dont le coût est estimé à 850 millions de dollars, est initié dans le cadre du partenariat avec le groupement espagnol Vilar Mire. Le contrat de partenariat a été signé le 4 août 2005. Le partenaire espagnol détient 66 % du capital social de l’entreprise.

    Le futur complexe Ammoniac 3, d’une capacité de production de 1,5 million de tonnes par an, est considéré comme la plus importante infrastructure de ce genre à l’échelle mondiale et vise, notamment, la production de CAN 27 % (calcium ammonitrate), produit destiné aux différents usages agricoles.

    Les complexes 1 et 2 ont été successivement mis en service en 1970 et 1981. Le groupement espagnole Vilar Mire a également investi, à travers ses différentes filiales, dans d’autres créneaux, notamment la construction et le dessalement de l’eau de mer, puisqu’il réalise actuellement les stations de Cap Djinet (Dellys) et de Mostaganem.


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    Orascom Construction Industries announces OCI /Sonatrach joint venture company

    Cairo, Egypt - 20 March 2007: Orascom Construction Industries announced that the incorporation of Sorfert Algerie (Sorfert) was completed yesterday by OCI and Algerian state-owned oil & gas company Sonatrach which has been established to construct a greenfield ammonia/urea fertilizer plant with an annual capacity of 1 million tons in addition to an ammonia plant with an annual capacity of 0.7 million tons. OCI has 51% in the new venture while Sonatrach owns the remaining 49%.

    The plants will be located in the industrial zone of Arzew in Wahran province near the Mediterranean coastline to facilitate export operations. As part of the shareholders' agreement, Sonatrach has committed to enter into a 20 year gas supply agreement with Sorfert. OCI is acting as the lead developer of the project. White & Case (London) is the appointed legal counsel and Societe Generale is the appointed financial advisor to the Sorfert project.

    Initial equity payments will be immediately used to complete engineering plans for the new plants and secure critical components of the plants equipment which are considered long lead items.

    The negotiation of all other project agreements is well underway and is nearing completion. OCI expects 70% of the total investment cost to be solicited from Algerian and international banks as project finance debt in a limited recourse structure. OCI targets to commission the production lines during 2010.

    The signing ceremony was attended by his Excellency the Algerian Minister of Energy & Mining, Dr. Chekib Khalil, the President of Sonatrach, the Vice President of Sonatrach and the Governor (Wali) of Wahran, the Sonatrach Project team and senior OCI management.

    OCI Chief Executive Officer Nassef Sawiris commented "our new joint venture with Sonatrach is a further expression of our commitment to the Algerian market. We are very pleased with our partnership and grateful for the support we have received from of the Algerian Government. OCI continues to tap into Algeria's best human resources with a current employee force exceeding 7,000 skilled Algerians."

    Mr. Sawiris also added "Sorfert Algerie will contribute substantially to our consolidated growth in 2010. Together with the ammonia plant under construction in Egypt which is scheduled for completion by end of 2008, these projects stand to benefit from the historic high prices for fertilizers which are being partially fueled by the rising demand for the use of agricultural-based commodities such as corn-based ethanol and soybean biodiesel as an alternative fuel."

    About Orascom Construction Industries in Algeria:

    OCI currently owns and operates a cement production plant in central Algeria through its wholly owned subsidiary Algerian Cement Company (ACC), with a total maximum annual capacity of 5 million tons. OCI expects to commission a greenfield cement production plant owned its wholly owned subsidiary Ciments Blanc d'Algerie (CIBA) in northwest Algeria with an annual capacity of 2.5 million tons of grey cement and 0.55 million tons of white cement during 2007.

    In construction, OCI Algeria continues to provide engineering, procurement and construction services on large and complex projects across Algeria including projects such as the Blida military hospital, the Ciments Blanc d'Algerie white cement plant, and the Hamma-Algiers water desalination plant operated by Hamma Water Desalination SpA, a joint venture between GE Water and the state-owned Algerian Energy Company SpA (a subsidiary of Sonatrach).

    In late 2006, OCI completed the acquisition of minority stakes in Mehsas National Bag Company, of which OCI owned 50%. The official name of the currently 100% owned subsidiary has been changed to Algerian Bag Company (ABC). OCI acquired a 50% stake in MNBC two years ago to ensure a consistent high quality supply of cement bags to its cement operations in Algeria. The acquisition was completed for a total sum of US$ 3.8 million. OCI will invest an additional US$5 million to expand the cement bags production capacity ahead of the commissioning of its greenfield operation in northwest Algeria.

    OCI has also launched its ready-mix concrete and aggregates business in Algeria through Ready-mix Algeria expects to operate four aggregates quarries with an annual capacity of 3 million tons of aggregates by end of 2007. Ready-Mix Algeria operates 5 ready-mix batch plants with an annual production capacity of 800,000 cubic meters of concrete
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    Algeria’s Sonatrach and Egypt's Ocrascom Construction Industries (OCI) signed a joint venture agreement Monday (March 19th), under which OCI will establish a $1.6 billion fertiliser complex near the coastal city of Wahran, in northwest Algeria. The project, dubbed "SORFERT", will have a 7,250-tonne daily production capacity, destined for both domestic and export markets, and will create some 750 jobs. According to the agreement, OCI controls a 51% stake, with Sonatrach controlling 49%. Sonatrach will transport approximately two billion cubic meters of gas annually to the plant to be used in the production process.


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    A second ammoniac and urea complex for Sonatrach in Arzew

    May 22, 2007 -- Sonatrach and the Omani group Suhail Bahwan Group Holding LLC (SBGH) have signed a partnership contract for the achievement of an ammoniac and urea complex due to be set up in Mers El Hadjadj in the industrial zone of Arzew.

    According to Sonatrach, the projected complex, which will have a production capacity of 4,000 tons per day of ammoniac and 7,000 tons per day of granular urea, will be endowed with the most advanced technologies meeting the required norms of environmental protection.

    A similar contract was initialed last March between Sonatrach and the Egyptian group Orascom construction industries for the achievement of a similar complex in Arzew (western Algeria).


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    Mercredi 23 mai 2007 -- L’entreprise nationale d’hydrocarbures, Sonatrach, a signé lundi dernier à Alger un «contrat d’association» avec le groupe omanais Suhail Bahwan Group Holding LLC (SBGH) pour la réalisation et l’exploitation du futur complexe d’ammoniac et d’urée d’Arzew, a indiqué Sonatrach dans un communiqué diffusé hier.

    Le contrat a été signé par le vice-président de l’activité aval de Sonatrach, M. Abdelhafid Feghouli, et le directeur général du groupe SBGH, M. Saad Suhail Bahwan, a précisé la même source. Ce complexe, qui sera implanté à Mers El Hadjadj dans la zone industrielle d’Arzew (ouest), a une capacité de production de 4 000 tonnes/jour d’ammoniac et de 7 000 tonnes/jour d’urée granulée. «Il sera doté des procédés technologiques les plus récents, déjà éprouvés, qui lui permettront de produire dans le respect des normes les plus rigoureuses en termes de protection de l’environnement», ajoute le communiqué.


  6. #6
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    June 24, 2007 -- Orascom Construction Industries will today announce the development of a $1.8bn facility to produce fertiliser on the Mediterranean coast of Algeria in partnership with Sonatrach, the Algerian state-owned oil and gas company.

    Fertiliser production is undergoing a significant structural change as production facilities increasingly move from regions such as the US, Europe and former Warsaw pact countries such as Ukraine and Belarus where gas prices are high, to areas where gas prices are low because of local supply.

    Nassef Sawiris, chief executive of OCI, says the trend started with production facilities moving to Venezuela and Trinidad, but he said they were now increasingly moving to the Middle East as well, with new developments in Egypt and Qatar.

    “The current cost of gas gives countries where gas is cheap a fundamental advantage,” he said. “While demand is as strong as it is at the moment, it is a win-win for everyone, but the low gas costs give us significant downside protection.”

    He added that the plant’s location in Algeria positioned it perfectly to serve the European market, while the east coast of the US was only six days away by ship.

    Mr Sawiris said the cost of gas in the US was about eight times the price in the Middle East, while the cost of shipping accounts for about 10 per cent of the total price of the fertiliser.

    Mr Sawiris said the 51:49 joint venture with Sonatrach, called Sofert Algérie, would be ready by 2010.

    Uhde, owned by Thyssen-Krupp Technologies, will provide the urea granulation technology while OCI Algeria is expected to perform all on*shore works on the complex.

    High gas prices, the booming global demand for agricultural products because of population increase, and the burgeoning demand for biofuels have resulted in a booming market for fertiliser around the world.

    “If 2006 was the year of minerals and materials, 2007 is the year of agricultural products,” said Mr Sawiris. “People are eating more meat, and more animals means more corn, which has strengthened demand for fertiliser.”

    Algeria has the third largest reserves of natural gas in the world.

    Last edited by Guest 123; 15th April 2008 at 20:30.

  7. #7
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    FRANKFURT, June 25, 2007 (Thomson Financial) - Algeria's Orascom Construction Industries (OCI) said its joint venture Sorfert Algerie has signed an agreement with ThyssenKrupp AG's Uhde GmbH to design and construct a fertilizer plant for a total sum of 1.17 billion euro plus $US160 million.

    The plant, located in the industrial zone of Arzew, Algeria is to produce up to 1.11 million tonnes of ammonia and urea per year and is expected to start operating at the end of 2010.

    A second facility is to produce a further 770,000 tonnes of ammonia per year and is forecast to start operating in mid-2011.


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