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    Nitrogen+Syngas 399 Jan-Feb 2026

    Clariant announces divestment of its business in Venezuela


    VENEZUELA

    Clariant announces divestment of its business in Venezuela

    Clariant says that it closed the divestment of its legal entity (Clariant Venezuela S.A.) in Venezuela for $1.8 million to CMV Química CA, Venezuela as part of its ongoing footprint optimisation. In 2024, Clariant’s operations in Venezuela generated sales of around $3.8 million and employed around 60 people.

    Latest in Latin America

    Chile’s lawmakers to investigate Codelco

    Members of the lower house in Chile’s Congress have unanimously approved creation of a special investigative commission to examine a series of alleged irregularities at state-owned copper producer Codelco. The issues are: overestimation of production by almost 27,000 t last year; a multimillion-dollar renovation of the company’s headquarters in Santiago; and, maybe, the collapse of a chimney at Potrerillos copper smelter in the Atacama region of northern Chile. The structural failure has forced a production suspension.

    Cartagena refinery enters solid sulphur market

    Cartagena Refinery has entered the solid sulphur market, diversifying its petrochemical portfolio, according to a company statement on 21 May. The first shipment of 260 tonnes has already been dispatched to the domestic market. This new venture is enabled by a recently commissioned pelletising plant that converts liquid sulphur into solid pellets, with a production capacity of 1,000 t/d. The refinery is targeting Colombia’s fertilizer, chemical, and mining industries, and is also planning to export to international markets, including Brazil, Peru, and countries in Africa.

    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.