Nitratos del Peru, part of Grupo Brescia and a producer of ammonium nitrate and ammonia, yesterday received authorisation to set up shop at the industrial zone I4 in Paracas, province of Pisco, Ica. This area will become the second petrochemical cluster, Marcona, also in Ica, being the first. Mariano Castro, a former executive secretary of the Peruvian Comision Nacional del Ambiente (Conam), states that, even so, the government will have to keep a close eye on matters such as land and sea transport by Nitratos del Peru to ensure that the national reserve of Paracas is protected. The firm hopes to have its plant ready for operations in 2011 after investment of US$650k.
Publication: SABI - Business News
Provider: South American Business Information
July 20, 2009
Showing posts with label Chemicals. Show all posts
Showing posts with label Chemicals. Show all posts
7/20/09
8/22/07
U.S. Terra, Australian Orica Mull Petrochemical Investment in Peru
U.S. fertiliser producer Terra Industries and Australian chemicals producer Orica Mining Services are interested in opening a petrochemical complex in Pisco, southwestern Peru, Peru’s Production Ministry said on August 21, 2007.
The complex will have a capacity to produce 550,000 tonnes of ammonia and 300,000 tonnes of ammonium nitrate annually. The project will require a total investment of $1.2 bln (891 mln euro). The complex is expected to start operations in 2009, Peru’s Industry Vice-Minister, Carlos Ferraro, pointed out. The project will have a positive impact on job creation in Pisco, because the construction works will require at least 2,500 workers over a two-year period.
The Peruvian unit of Argentine oil and gas company Pluspetrol, Pluspetrol Peru Corporation, is currently negotiating with Terra and Orica over a contract for the supply of natural gas from Peruvian natural gas field Camisea. Natural gas is the raw material for the production of ammonia and ammonium nitrate. The negotiations are at an advanced stage and the companies could shortly reach an agreement, Ferraro said.
Currently, Peru imports some 170,000 to 190,000 tonnes of ammonium nitrate annually.
Publication: Business Digest
Provider: AII Data Processing Ltd.
Date: August 22, 2007
The complex will have a capacity to produce 550,000 tonnes of ammonia and 300,000 tonnes of ammonium nitrate annually. The project will require a total investment of $1.2 bln (891 mln euro). The complex is expected to start operations in 2009, Peru’s Industry Vice-Minister, Carlos Ferraro, pointed out. The project will have a positive impact on job creation in Pisco, because the construction works will require at least 2,500 workers over a two-year period.
The Peruvian unit of Argentine oil and gas company Pluspetrol, Pluspetrol Peru Corporation, is currently negotiating with Terra and Orica over a contract for the supply of natural gas from Peruvian natural gas field Camisea. Natural gas is the raw material for the production of ammonia and ammonium nitrate. The negotiations are at an advanced stage and the companies could shortly reach an agreement, Ferraro said.
Currently, Peru imports some 170,000 to 190,000 tonnes of ammonium nitrate annually.
Publication: Business Digest
Provider: AII Data Processing Ltd.
Date: August 22, 2007
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