06 October 2011 21:30 [Source: ICIS news]
BUENOS AIRES (ICIS)--Argentine producer Petroquimica Rio Tercero opened its expanded hydrochloric acid plant in Rio Tercero, Cordoba, a source from the Argentine Industry Ministry said on Thursday.
The expansion was worth $3.5m (€2.6m) and increased the site's capacity by 80,000 tonnes/year to 170,000 tonnes/year.
Production from the plant will serve aluminum polychloride and calcium chloride companies as well as the biodiesel industry among others.
The expansion is in line with government policy, which wants to reduce the nation's trade deficit by expanding local production.
Petroquimica Río Tercero also produces toluene di-isocyanate (TDI).
Since 2007 Petroquimica Río Tercero has invested more than $50m to expand production, and it will spend another $50m until 2016, according to the Argentina Industry Ministry,
($1 = €0.75)
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