17 November 2007 15:54 [Source: ICIS news]
By John Waggoner
BUENOS AIRES (ICIS news)--Peru will become a large regional petrochemical producer in the near future, Nexant's vice president for polymers Robert Bauman from the sidelines of an important industry meeting that began on Saturday.
Speaking from the Latin American Petrochemical Association (APLA) annual meeting that runs through Tuesday, Bauman said the award of gas supply contracts from the Camisea fields in ?xml:namespace>
Peru is also likely to become a warehousing location for resins from the Middle East for import to the region, he said. The advantage would be that importers could guarantee the delivery of product without delays.
“President Garcia has got to deliver,” Bauman said. “If he doesn’t, he’s gone and the Left will move in.”
Foreign investors would be responsible for building the industry, Bauman said. The first stage of the project will involve development of feedstock supply with an consortium led by Argentina's Pluspetrol and the construction of ammonia and ammonium nitrate production capacity.
Bauman said that
“The question is not political, but economic,” he said.
Current estimates are that
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