Bolivia to invest $80m in new fertilizer plant - report

22 June 2009 23:12  [Source: ICIS news]

HOUSTON (ICIS news)--Bolivia will invest $80m (€57.6m) for the construction of a petrochemical plant in the central province of Cochabamba to produce fertilizers, the Latin American Herald Tribune reported on Monday.

Bolivia energy minister Oscar Coca said the plant will begin operations next year, according to the report.

The project is part of the country’s $1bn investment plan created to expand the petrochemical industry over the next three years, the report said.

About 30% of the fertilizer produced will be sold domestically, with the rest exported to Brazil and Argentina, according to the report.

($1 = €0.72)

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By: Ben DuBose
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