Argentina’s Rio Tercero to invest $22m in plant upgrade

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 Argentina’s sole producer of toluene di-isocyanate (TDI), a key feedstock in the production of polyurethane.

The company also produces polyaluminium chloride (PAC), an inorganic coagulant used in water purification, and hydrochloric acid.

($1 = €0.77)

By: Simon West

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