Valencia, Venezuela—Petrochemical Venezuela (Pequiven) announced April 2 that along with Brazil’s Braskem SA and construction company Norberto Odebrecht SA it will build a $1.4 billion ammonia and urea complex at the Jose Antonio Anzoategui Petrochemical Complex in eastern Venezuela. The project, dubbed Fertisur, is expected to produce 1.55 million mt/y of granular urea. Pequiven said construction is expected to begin in 2015, and completion is due in late 2018. Brazil is expected to be a major customer for the product. In the meantime, Pequiven announced that its Moron Petrochemical Complex will soon open its number four fertilizer plant, which will produce 770,000 mt/y of urea and will mainly serve the Venezuelan market.
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