Calgary-Agrium Inc. confirmed last week that its Argentine joint venture, Profertil, is planning a $60 million investment in a new terminal in Argentina. The amount will cover the land improvement, dry facility, equipment, and dock facilities. It will be a 200,000 mt dry terminal at Timbue, in Sante Fe Province, located on the Parana River near Rosario. The river access is deep water and can accept ocean-going vessels. It will be used to store urea from the Profertil manufacturing plant, as well as imported dry fertilizer products.
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