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Petrochemicals - Peru - Perupetro: Fertilizer production essential in generating added value to gas

 

LIMA
Petroleumworld.com, December 04, 2008

Production of fertilizers is one of the most important businesses of the petrochemicals industry and essential in generating added value to natural gas, according to projections made by Peru's state oil and gas promotion agency Perupetro.

Natural gas is the most competitive raw material to produce industrial fertilizers, the agency said.

In South America, only Venezuela, Brazil and Argentina are self-sufficient in the production of industrial fertilizers. Peru imports 100% of industrial fertilizers, according to a Perupetro presentation obtained by BNamericas.

Peru has huge natural gas reserves, which in part could go toward developing the petrochemicals industry and supplying fertilizers along the Pacific coast from the US to Chile, which all import fertilizers, according to the presentation.

INVESTMENTS

Peru will attract investments of US$1.10bn in the San Juan de Marcona petrochemicals complex from 2010-12 and US$1.00bn in the Ilo petrochemicals complex in 2011-13, according to the presentation.

E&P investments in the country will reach US$8.15bn in 2010-14, up from US$4.22bn in 2005-09, the presentation shows.

Story from Business News
Business News 03 12 08
 

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