Algiers on December 02, 2018: The Algerian company Petrogel, operating in the distribution of fuels and petroleum products with the Canadian company KAM Biotechnology, specializing in bioproducts, have announced today the signing of a partnership contract. This agreement was facilitated by The Algerian authorities, The Trade Commissioner Team of the Canadian Embassy in Algeria and the Canada-Algeria Development Council (CDCA). Discussions between the two partners began in the margins of the CDCA economic mission of February 2018.
This contract makes Petrogel an exclusive partner for the production and marketing of KAM Biotechnology products in Algeria. The company will take care of the delivery to the industrial sites of the local customers and maintain sufficient stocks in Algeria to meet the growing needs of customers. Petrogel will also be responsible for shipping products from Canada.
As part of this agreement, the two companies will also invest locally in production capacities for certain KAM Biotechnology products. This will in particular make it possible to optimize the availability and the costs, but also to make of Algeria a distribution platform for KAM Biotechnology’s products in Africa and elsewhere.
In early October, the two companies even carried out a large-scale trial of one of KAM Biotechnology’s flagship products, the ADHEREX 120. It is a biological product for the reduction of dust used especially in mining sites, quarries and major construction sites, in order to eliminate the environmental and economic impacts related to the dust caused by the movement of trucks and equipment on the off-road tracks. This product has been tested on a phosphate-mining site in Algeria, with very positive results. This test was made possible thanks to the support and involvement of the MANAL Group and its subsidiary Somiphos, as well as the Ministry of Industry and Mines.
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KAM Biotechnology: Mongi Ferchichi , CEO,
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