Pemex confirms mothballed Camargo ammonia plant to reopen

15 November 2012 22:00  [Source: ICIS news]

LONDON (ICIS)--Mexican petrochemicals giant Petroleos Mexicanos (Pemex) on Thursday confirmed it will invest millions of dollars in the restart of an ammonia plant in Chihuahua State that was mothballed a decade ago.

The state-owned company will spend at least $13m (€10m) on the re-opening of the Camargo plant, which was built in 1967 but idled in April 2002 due to lacklustre demand for its nitrogen fertilizer.

In a short statement, Pemex said the plant - which used to produce around 164,000 tonnes/year of ammonia - would be restarted soon and 54,000 tonnes/year of its new, undisclosed capacity would be sold to a local business partner.

The remaining tonnage will be sold on the domestic market, which will reduce the country’s reliance on imported fertilizers from the Ukraine and Russia, the statement said.

($1 = €0.78)


By: Richard Ewing
+44 208 652 3214



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