24 February 2011 20:57 [Source: ICIS news]
BUENOS AIRES (ICIS)--Argentine fertilizer producer Profertil will build a granulated urea stocking and processing facility in Puerto General San Martin, Santa Fe, an executive said on Thursday.
The plant will focus on fertilizer stocking, as well as blending and specialties production, according to the Santa Fe provincial government. It will take approximately 18 months to build and will require an initial investment of $60m (€44m).
Profertil chose the site because it is close to consumers, said Profertil’s general manager, Daniel Pettarin. “We estimate that by 2015, the fertilizers market in Argentina will be 4m tonnes a year, which means the central region of the country will demand about 3m tonnes a year,” he added.
The Santa Fe provincial government said the facility would have a stocking capacity of 200,000 tonnes in two silos of 100,000 tonnes each. However, Profertil is already planning on a capacity of 300,000 tonnes of solid fertilizers.
The facility will be located by the Parana river, and will include a dock capable of receiving ships carrying up to 47,000 tonnes.
The company foresees receiving about 650,000 tonnes a year of fertilizers for stocking and processing, which then will be distributed by land.
Profertil is co-owned equally by Agrium and YPF and is the leading producer of granulated urea in Argentina.
The company manufactures 1.1m tonnes/year of granulated urea in its Bahia Blanca petrochemical complex in the Buenos Aires province.
Profertil also has a fertilizer stocking facility in San Nicolas, Buenos Aires, with three silos of 15,000 tonnes each, and two stocking tanks of 22,000 tonnes for liquid fertilizers.
($1 = €0.73)
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