11/15/2012 | Editor: Dominik Stephan
Samsung will build a new petrochemical fertilizer plant in Bolivia: The Korean company outpaced its international competitors and won a turn-key contract by YPFB of Bolivia for a three–digit million sum.
Cordoba, Argentina – The Bolivian hydrocarbons company Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) (La Paz, Bolivia) has awarded a turn-key contract for a new petrochemical fertilizer complex in Carrasco, Cochabamba province, Bolivia. After analyzing the proposals submitted by both Samsung Engineering of South Korea and Duro Felguera of Asturias, Spain, the company selected Samsung.
The US $ 843 million contract covers the detailed engineering, construction and start up of the facility, as well as an initial two-year period in which Samsung will operate and perform maintenance for the plant. The project consists of a 650,000 tons per year urea production, based on Toyo technology, and an additional ammonia unit with a 400,000 tons per year capacity, using KBR technology. Construction begin is scheduled for April 2013, local media reports, with operations to start by mid–2015.
Bolivia's YPFB currently has a number of projects in the pipeline: The company is currently planning a new polyethylene complex at Gran Chaco, Tarija, where it can use feedstock from the nearby Gran Chaco liquids separation plant (currently under construction, startup planned for 2014). It will process gas to produce liquefied petroleum gas (LPG), ethane, natural gas and isopentane.
More about the recent trends on Latin America's petrochemical market in our series Chemical Industry in the Americas!
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