524 Jan-Feb 2025
12 March 2025
Latest in Latin America
Brazil approves BRL 10 billion Profert programme
Brazil's Federal Senate on 11 August approved the final text of the Profert bill (PL 699/2023), which will release up to BRL 10 billion ($1.85 billion) in tax-credit subsidies over five years to build new fertilizer plants or expand and modernise existing ones.
Capstone approves Mantoverde pyrite plant
Canada's Capstone Copper has approved a $45 million pyrite recovery project at its Mantoverde copper operation in Chile that will cut the mine's sulphuric acid consumption by around 90,000 t/y, the company said in its second-quarter results on 30 July.
Fermachem to build $1bn fertilizer plant in Durango
Mexico’s Fermachem is moving ahead with a large nitrogen fertilizer plant in Lerdo, Durango, backed by federal and state authorities and positioned as one of the largest industrial investments in the state.
Pampa approves Bahía Blanca urea FID, awards MAIRE
Pampa Energía has taken final investment decision on its long trailed Bahía Blanca fertilizer complex, confirming a $2.7 billion granular urea project that will host Latin America’s largest urea plant by production capacity.
Petrobras to resume construction at Tres Lagoas
Petrobras PBR has said that it plans to restart construction of the long-delayed UFN-III fertilizer plant in Três Lagoas, Mato Grosso do Sul, with work at the site expected to resume by September. UFN-III, with a planned capacity of 2,200 t/d of ammonia and 3,600 t/d of urea, was partially completed in the 2010s, but the site has been inactive and unfinished since 2015. Petrobras now intends to complete the project with an estimated investment of $1 billion, targeting commercial operations by 2029. The site was chosen as it was strategically positioned near several of Brazil’s largest agribusiness regions, including Mato Grosso, Mato Grosso do Sul, Goiás, Paraná and São Paulo.