Brazil plans to invest in new petrochemical plants in Bolivia

This statement from the Ministry of Hydrocarbons and Energy of Bolivia was translated from Spanish by an automated system

Through a partnership with the Bolivian State, the Government of Brazil proposes to invest in the country in petrochemical plants and ensures a market for the fertilizers produced in these industrial complexes, reported the Minister of Hydrocarbons and Energy, Franklin Molina Ortiz.

“We are going to build a roadmap, which includes participation in joint projects as strategic partners, these are proposals that are part of the high-level meetings related to their materialization and the possibility of financing them,” said the authority. when taking stock of the conversations held with the Brazilian authorities.

He explained that Brazil, due to its economic dimension, has a significant demand for fertilizers and therefore it is an interesting market for the country. As an example, Molina mentioned the Mato Grosso region, on the other side of the border, which continues to be a strategic agricultural area, because the export gas pipeline is also connected.

Currently, of the 100% of urea that agricultural campaigns demand in Brazil, 90% is acquired from other countries, including Bolivia, which illustrates the need expressed at the negotiating table. Around 80% of the exports of the Ammonia and Urea Plant (PAU) are destined for the Brazilian market, which is recognized worldwide for being a large buyer of fertilizers.

In this context, the interest in purchasing the production of fertilizer plants is understood and also a perspective of investment in new petrochemical complexes similar to the PAU. In addition, Brazil wants to buy the production of the NPK plant in Cochabamba, potassium chloride produced in the Uyuni plant and other products generated in the salt flats.

For Molina, the conversations held with the Brazilian authorities open business opportunities where both countries can win, Bolivia through the export of fertilizers and the Brazilian state because it will acquire a necessary input for the development of its agriculture at competitive prices.