27 February 2013 19:14 [Source: ICIS news]
MEDELLIN, Colombia (ICIS)--Argentina’s Petroquimica Rio Tercero has presented the country’s industry ministry with plans to invest $22m (€17m) in the modernization of its chlorine and caustic soda plant in the central Argentine province of Cordoba, the petrochemical firm said on Wednesday.
The project will increase the plant’s production of liquid chlorine by 12 tonnes/day, caustic soda by 15 tonnes/day and sodium hypochlorite by 55 tonnes/day, Rio Tercero said.
The industry ministry responded by offering the company a number of financial tools to assist in the project’s development.
The Argentine government is supporting a number of industrial sectors through its 2020 Strategic Industrial Plan in an effort to improve the country’s trade surplus and reduce unemployment.
“The development of the chemical and petrochemical sectors is key to the development of our national industry as a whole,” the ministry said.
Rio Tercero is ?xml:namespace>
The company also produces polyaluminium chloride (PAC), an inorganic coagulant used in water purification, and hydrochloric acid.
($1 = €0.77)
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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections