26 July 2013 19:05 [Source: ICIS news]
YPFB anticipates that the plant will start operations in the third quarter of 2015 and will produce 650,000 tonnes/year of urea. Between 10-20% of capacity 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.
The company announced in August 2012 that South Korea’s Samsung Engineering had won an $844m contract to design, engineer and build the plant.
“The ammonia and urea plant is the first project of industrialisation that we will have and already has made good progress in engineering and equipment purchases. The construction of the complex as such will open in September,” said Carlos Villegas, YPFB President.
Company officials have said the production of crop nutrients within the country will help improve agricultural productivity and increase local food security. The Cochabamba Governor Rodolfo Rioja said the addition of the plant to his state will not only generate increased employment but further development in the region.
“The first phase of this mega project has already been done and we are waiting for the start of civil works that will bring direct and indirect jobs and over time improve the human development of all Cochabamba,” said Rioja.
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