26 March 2013 19:48 [Source: ICIS news]
LONDON (ICIS)--Leading Argentinian fertilizer producer Profertil on Tuesday unveiled ambitious plans for an Argentine pesos (Ps) 800m ($156m, €122m) expansion of its Bahia Blanca urea and ammonia plant.
Work on the 29-month project in Buenos Aires province will begin in early April and will increase the firm's granulated urea output by 11% to 1.22m tonnes/year from the current 1.10m tonnes/year.
The investment will also boost Profertil's ammonia output by 11,000 tonnes/year and reduce its electricity costs by almost a third, as well as lower its greenhouse gas emissions by 12%. Ammonia is a key feedstock for urea production.
Profertil's general manager, Daniel Pettarin, added that the project will reduce the plant's water consumption by 60 cubic metres per hour and help the national trade balance by reducing the need for urea imports from regions such as the Black Sea, Fomer Soviet Union (FSU) and Middle East.
"Our challenge is to be leaders in nitrogen fertilizer production contributing to the sustainable development of the agricultural sector, increasing production to satisfy the increasing demand of the internal market and, at the same time, reducing the environmental impact, and we feel proud of this," he stated.($1 = €0.78; $1 = Ps5.12)
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