Brazil plans to invest in new petrochemical plants in partnership with the Bolivian State

This Ministry of Hydrocarbons and Energies release was published using machine translation.

UCOM-MHE 09.06.23.- 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, informed the Minister of Hydrocarbons and Energies, Franklin Molina Ortiz.

"We are going to build a roadmap, which includes participation in joint projects as strategic partners, they 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 for this reason 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 it is also connected to the export gas pipeline.

Currently, of the 100% urea that agricultural campaigns demand in Brazil, 90% is purchased from other countries, including Bolivia, which illustrates the need exposed 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 as a large buyer of fertilizers.

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

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