Bolivia YPFB to start construction on ammonia, urea plant in Apr

27 December 2012 18:55  [Source: ICIS news]

LONDON (ICIS)--Bolivia’s Yacimientos Petroliferos Fiscales Bolivianos (YPFB) said on Thursday that the construction of an ammonia and urea plant in Carrasco, Cochabamba will begin in April 2013.

The plant will produce 650,000 tonnes/year of urea, of which 10-20% will be supplied to the domestic market while the remainder will be earmarked for export, YPFB said.

The plant will also produce 400,000 tonnes/year of ammonia for explosives, detergents, paints, disinfectants and other industrial products.

Operations are scheduled to begin in the third quarter of 2015, YPFB said.

“The basic engineering and technological adaptation work is being finalised,” YPFB said. “Around April next year, a formal inauguration will take place to mark the beginning of [the plant’s] construction.”

The company announced in August that South Korea’s Samsung Engineering had won an $844m (€641m) contract to design, engineer and build the plant. Contracts between the two parties were signed on 13 September.

YPFB also said it was currently negotiating with local landowners to agree on the cost of land expropriation.

($1 = €0.76)

By: Simon West

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