IBOV 167,468.14 ▼ 1.02% IPC MEX 69,787.41 ▲ 0.87% MERVAL 2,848,945 — — USD/BRL5.45▲ 1.27% USD/MXN18.81▼ 0.33% USD/CLP992.40▲ 0.42% USD/COP3,227▲ 1.92% USD/PEN3.46▲ 0.07% USD/ARS1,534▼ 0.29% USD/UYU40.19▲ 3.18% USD/PYG5,965▲ 5.35% USD/BOB12.07▲ 3.37% USD/DOP60.37▲ 0.42% USD/CRC451.45▲ 2.56% USD/GTQ7.64▲ 3.29% USD/HNL26.88▲ 0.49% USD/NIO36.62▲ 0.07% USD/VES887.03▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.99▲ 2.89% USD/TTD6.71▲ 2.13% EUR/BRL6.09▲ 2.16% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99% IBOV 167,468.14 ▼ 1.02% IPC MEX 69,787.41 ▲ 0.87% MERVAL 2,848,945 — — USD/BRL 5.34 ▼ 1.32% USD/MXN 18.69 ▲ 0.62% USD/CLP 983.47 ▼ 0.57% USD/COP 3,149 ▲ 3.06% USD/PEN 3.45 ▲ 0.17% USD/ARS 1,537 ▼ 0.28% USD/UYU 40.21 ▲ 3.57% USD/PYG 5,803 ▲ 3.78% USD/BOB 11.97 ▲ 4.93% USD/DOP 60.54 ▲ 1.83% USD/CRC 451.24 ▲ 2.13% USD/GTQ 7.64 ▲ 3.23% USD/HNL 26.87 ▲ 3.37% USD/NIO 36.62 ▲ 2.81% USD/VES 885.08 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 2.63% USD/TTD 6.71 ▲ 2.07% EUR/BRL 5.95 ▲ 7.53% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99%
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Bolivia Business - Brazil

Bolivian government restarts ammonia and urea plant operations

By · September 7, 2021 · 3 min read

RIO DE JANEIRO, BRAZIL – The Bolivian Government restarted this Monday (6) the ammonia and urea plant operations in the center of the country after 22 months of being paralyzed due to the social and political crisis of 2019 that generated economic damage of US$450 million.

The president of Bolivia, Luis Arce, participated in a ceremony together with the Minister of Hydrocarbons, Franklin Molina, the president of the state-owned Yacimientos Petrolíferos Fiscales Bolivianos (YPFB), Wilson Zelaya, and representatives of social organizations in the town of Bulo Bulo in the central region of Cochabamba, where the petrochemical plant is located.

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Arce lamented in his speech that in the government of former transitional president Jeanine Áñez the plant was paralyzed in 2019 for 22 months and that several professionals were dismissed.

The Bolivian president highlighted the importance of the restart of operations of this plant to “guarantee food security” and that it is a fundamental part of the reconstruction of the productive economy
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“The great damage that has been done was 450 million dollars that the country stopped earning in these last 22 months,” Arce said.

The president said that this money would have been used to start “the construction of a second plant” that would have cost US$900 million, and he instructed Minister Molina to carry out the necessary studies for this new plant to be built.

Arce went on to point out that “all the processes must be followed to determine who is guilty” of this economic damage.

This plant was paralyzed after the political and social crisis of 2019 following the failed elections that resulted in the resignation of Evo Morales from the Presidency, denouncing an alleged coup d’État.

The Bolivian president highlighted the importance of the restart of operations of this plant to “guarantee food security” and that it is a fundamental part of the reconstruction of the productive economy. “This plant will strengthen the industrialization process of our natural resources”, he said.

He added that this urea plant would be “the basis” for a “future fertilizer and agrochemical plant for agricultural production with national industry”.

For his part, Minister Molina pointed out that this plant generates work for around 480 people and more than 2,000 indirect jobs throughout the urea industrialization chain.

Bolivia started up this petrochemical plant in 2017 with a daily production capacity of 2,100 tons of urea and 1,200 tons of ammonia. State-owned YPFB indicated in May that companies from Brazil, Argentina, Paraguay, Peru, and Uruguay are interested in buying Bolivian urea.

Urea is a fertilizer made from natural gas that allows the growth of crops such as rice, corn, wheat, sugar cane, potatoes, and fruits and vegetables.

Editorial responsibility: Matthias Camenzind, Editor-in-Chief · Editorial standards · Report an error

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