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

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly