Bolivia EBIH firms up $2.73bn investment plan for petchem projects

23 August 2013 21:34  [Source: ICIS news]

MEDELLIN, Colombia (ICIS)--Bolivia’s EBIH is planning to invest $2.73bn (€2.05bn) over the next four years to build seven new industrial complexes that will “kick-start the development of the country’s petrochemical sector”, the state-run hydrocarbons industrialisation company said on Friday.

The plans include an estimated $42m to build the Petrocasas project in Caracollo, Oruro department, which will produce polymer kits for the construction of prefabricated houses, as well as $7m for a plant in the El Alto district of Bolivia capital La Paz that will produce tubes and accessories for the country’s natural gas network.

Technical, economic, social and environmental studies have been carried out for both plants, EBIH said, adding that the company is now working on a financial plan to initiate the investment phase.

Some $450m will be spent on a methanol petrochemical complex and subsequent production facilities for dimethyl ether (DME), methyl tertiary butyl ether (MTBE), formaldehyde and acetic acid. EBIH has invited firms to join its database for the conceptual engineering studies of the 500,000 tonne/year facility.

Other projects in the pipeline include a polyvinyl chloride (PVC) plant; a benzene, toluene and xylene (BTX) plant; and an ethylene oxide (EO) and ethylene glycol (EG) plant, the company said.

EBIH, a subsidiary of state-run oil company YPFB, was created by the Bolivian government in 2008 and is charged with developing domestic gas-fuelled heavy industry.

($1 = €0.75)

By: Simon West

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