06 November 2012 19:39 [Source: ICIS news]
MEDELLIN, Colombia (ICIS)--Bolivia’s state-owned hydrocarbons industrialiation company EBIH has invited firms to join its database for the conceptual engineering studies of a proposed methanol petrochemical complex, the company said on Tuesday.
The complex, which is expected to produce at least 500,000 tonnes/year of methanol, would require an investment that could exceed $500m (€390m), said Empresa Boliviana de Industrializacion de Hidrocarburos (EBIH).
EBIH, a subsidiary of state-run oil company YPFB, said that interested parties had until 15 November to submit details.
“This project affirms EBIH’s commitment to industrial development through the design of petrochemical complexes,” said EBIH.
EBIH, created by the Bolivian government in 2008, is charged with developing domestic gas-fuelled heavy industry.
In September, the company announced a $2.2bn investment plan to build seven industrial complexes, including the methanol petrochemical complex, between 2013-2016.
($1 = €0.78)
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