Havana — Cuba may be in line for a new $1.2 billion urea and ammonia plant, according to Bloomberg, citing a recent report from Venezuela’s Petroleos de Venezuela SA (PDVSA). The project would reportedly produce 400,000 mt/y of urea and 370,000 mt/y. What is not used in Cuba would be exported by PDVSA’s Pequiven to other countries in the region. PDVSA is also eyeing a $1.4 billion regasification facility in Cuba. No timeline for the projects was given.
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