Peru’s Economy and Finance Minister Alex Contreras announced that four companies have expressed interest in building a petrochemical complex that would include two fertilizer plants, according to bne IntelliNews citing Andina, Peru’s news agency. The plants would serve the domestic industry.
Ammonium nitrate would also be produced for the local mining industry. The fertilizer and ammonium nitrate plants would be built in the southern region of the country and would require an estimated investment of $1.5 billion.