Seoul — Samsung Engineering Co. Ltd. said Aug. 14 that it had received a notification of award for a US$843 million nitrogen fertilizer plant from Yacimientos Petrolíferos Fiscales Bolivianos (YPFB), Bolivia’s state-owned oil company. This marks Samsung Engineering’s first entry into Latin America. The plant will be built in the state of Cochabamba, Bolivia, in the city of Entre Rios. The plant is slated to produce 2,100 mt/d of urea after processing natural gas to ammonia and urea. Samsung said it is hoped that the local use of the urea will increase Bolivia’s cultivation area from 2.5 million hectares to 105 million hectares. Samsung is responsible for the FEED, engineering, procurement, construction, and pre-commissioning on a lump-sum turnkey basis, with completion set for 2015. In addition, operation and maintenance support will continue for two years after completion.
Transparency Across the Fertilizer Value-Chain