China JV plans 1,500 tonne/day ammonia plant in Argentina

21 June 2010 23:06  [Source: ICIS news]

HOUSTON (ICIS news)--A Chinese joint venture plans to build a 1,500 tonne/day ammonia plant in Tierra Del Fuego, Argentina, a contractor for the project said on Monday.

Work on the project could begin as early as July, said KBR, which won a contract for the plant's licencing and process design. The plant will use Argentina's natural gas as a feedstock.

The plant would be owned by Tierra Del Fuego Power and Chemical, a joint venture formed by China-based Shaanxi Coal and Chemical Industry Group, Shaanxi Xinyida Investment and the Jinduicheng Molybdenum Group.

The contract is the first overseas project investment for the joint venture and the largest Chinese investment in Argentina, according to KBR.

Financial terms were not disclosed.

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By: Ben DuBose
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