Samsung Engineering has signed its first Latin American contract to build a US$843m fertilizer plant in the city of Entre Rios, Cochabamba state, for Bolivia’s state-owned oil company, YPFB.
The plant is slated to produce 2,100 tons per day of urea after processing naturalâ€¨ gas to ammonia and urea. Urea is widely used in fertilizers for agriculture.
Samsung Engineering is responsible for the design, engineering, procurement, construction and pre-commissioning on a lump-sum turnkey basis with completion set for 2015. In addition, operation and maintenance support will continue for two years after completion.