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  HOME | Bolivia

Government Eyes Petrochemical Plant in Southern Bolivia

LA PAZ – The government is seeking bids on a basic engineering study for a propylene and polypropylene plant that will be built in southern Bolivia next year, said the CEO of state-owned oil company YPFB, Guillermo Acha.

Acha made the announcement during a ceremony Sunday in the southern city of Tarija attended by President Evo Morales.

Companies interested in bidding can obtain information about the project at the YPFB Web site, Acha said.

The deadline for receiving bids is Sept. 2, the YPFB CEO said.

The engineering studies will be used to build the $2.2 billion plant, whose construction will be financed entirely by the government.

The company winning the construction contract will have to hire Bolivian workers and a domestic supplier, Acha said.

The propylene and polypropylene plant will be built in Yacuiba, a city on the border with Argentina, with groundbreaking expected in the second half of 2017.

The petrochemical plant is projected to start operating in late 2021.

Bolivia marked the 10th anniversary of Morales’s nationalization of the oil industry on Sunday.

 

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