26 March 2013 20:05 [Source: ICIS news]
MEDELLIN, Colombia (ICIS)--Bolivia’s Yacimientos Petroliferos Fiscales Bolivianos (YPFB) has secured an environmental permit for the construction of the Bulo Bulo ammonia and urea plant in central Bolivia, the company said on Tuesday.
The permit was awarded by authorities from the department of Cochabamba after environmental evaluations were carried out during a public consultation period that concluded on 9 January, YPFB said.
Construction of the plant will now begin in April, the company said.
“Obtaining this environmental permit enables us to carry out the implementation, construction, operation, maintenance and everything else that is required to get this project up and running,” said YPFB environment director Hemudt Muller.
The company announced in August that South Korea’s Samsung Engineering had won an $844m (€658m) contract to design, engineer and build the plant. Contracts between the two parties were signed on 13 September.
According to YPFB, 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.
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.
($1 = €0.78)
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