08 March 2012 15:09 [Source: ICIS news]
MEDELLIN, Colombia (ICIS)--Orica Chemicals plans to build an ammonium nitrate petrochemical plant in southern Peru, the Australia-based mining, chemical and fertilizer company said on Thursday.
“Orica is in the early planning stages to develop an approximately 400,000 tonne/year ammonium nitrate plant in south ?xml:namespace>
“This still has some governance hurdles to achieve, however, I can say that Orica is sufficiently committed to this project to have made a significant initial investment in these early stages,” she added.
The plant is expected to cost over Australian dollar (A$) $500m ($526m, €403m), Ekert said.
Orica’s Latin American chemicals company imports chemicals for use in the mining, building and construction and industrial sectors, according to the group. It has operations in
Construction is expected to begin in 2013 with production to begin in 2016.
Ammonium nitrate is used as a high-nitrogen fertilizer, and it has also been used as an oxidizing agent in explosives, including improvised explosive devices.
($1 = A$0.95, €1 = A$1.24)
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