|
|
|
|
Search: 
Latin American Herald Tribune
Venezuela Overview
Venezuelan Embassies & Consulates Around The World
Sites/Blogs about Venezuela
Venezuelan Newspapers
Facts about Venezuela
Venezuela Tourism
Embassies in Caracas

Colombia Overview
Colombian Embassies & Consulates Around the World
Government Links
Embassies in Bogota
Media
Sites/Blogs about Colombia
Educational Institutions

Stocks

Commodities
Crude Oil
US Gasoline Prices
Natural Gas
Gold
Silver
Copper

Euro
UK Pound
Australia Dollar
Canada Dollar
Brazil Real
Mexico Peso
India Rupee

Antigua & Barbuda
Aruba
Barbados
Cayman Islands
Cuba
Curacao
Dominica

Grenada
Haiti
Jamaica
Saint Kitts and Nevis
Saint Lucia
Saint Vincent and the Grenadines

Belize
Costa Rica
El Salvador
Honduras
Nicaragua
Panama

Bahamas
Bermuda
Mexico

Argentina
Brazil
Chile
Guyana
Paraguay
Peru
Uruguay

What's New at LAHT?
Follow Us On Facebook
Follow Us On Twitter
Most Viewed on the Web
Popular on Twitter
Receive Our Daily Headlines


  HOME | Venezuela (Click here for more Venezuela news)

Pequiven studies fertilizer venture
Pequiven S.A., Venezuela’s state-owned petrochemical company, said it may build a $700 million fertilizer plant with either Argentine or Brazilian partners.

Pequiven President Saúl Ameliach said the petrochemical plant, whose construction might begin as early as next year, would produce about 1.5 million tons a year of fertilizer.

Production would be exported to either Brazil or Argentina, he said.

“We have the site, we have the engineering plans ready,” said Ameliach. “We just have to decide on our partners.”

Venezuela has repeatedly said it wants to boost petrochemical output to take advantage of its natural gas reserves, the eighth largest in the world.

Ameliach said in July the company, which is an unit of state oil company Petróleos de Venezuela, wants to double output to 20 million tons of fertilizers, plastics and other chemicals by 2009.

The plant would be located in the Jose Complex in the eastern state of Anzoátegui, Ameliach said.
He declined to give the names of the company’s potential partners.

Pequiven technicians returned earlier this week from Argentina where they visited a similar plant, Ameliach said. The Venezuelan company is also a 35 percent shareholder in Fertilizantes Nitrogenados de Oriente S.A., a joint venture that makes ammonia and urea. Pequiven’s partners include Wichita, Kansas-based Koch Industries, Italy’s Snamprogetti SpA and Venezuela’s Empresas Polar.

“The site is right besides FertiNitro,” said Ameliach. “We could spend $200 million next year on this.”
 

Enter your email address to subscribe to free headlines (and great cartoons so every email has a happy ending!) from the Latin American Herald Tribune:

 

Copyright Latin American Herald Tribune - 2005-2015 © All rights reserved