Bolivia advances plans to restart petchem plant

Bnamericas Published: Wednesday, June 17, 2020
Bolivia advances plans to restart petchem plant

Bolivia’s state hydrocarbons company YPFB has launched a bidding process to supply urea formaldehyde concentrate (UFC) to the Bulo Bulo ammonia and urea complex (pictured) in Cochabamba department.

The tender entails the delivery of 4,866t of the thermosetting synthetic resin through December 31, 2020. The reference price is US$875/t.

Offers are due in July with a decision expected that month, and contract signing would follow in August, according to procurement information.

Two previous UFC processes fell through after participants failed to meet bidding requirements.

YPFB launched an initial UFC call in December after cancelling a tender to build a US$36mn UFC facility at Bulo Bulo.

In recent days, the state operator said it was working on cost optimization, personnel organization and equipment requirements ahead of the plant’s return to service.

Reactivation of the plant is part of the hydrocarbons ministry’s actions to increase natural gas demand and generate revenue from urea exports to the region.

The petrochemical complex came online in January 2018 with nominal capacity to produce 1,200t/d of ammonia and 2,100t/d of urea as part of Bolivia’s natural gas industrialization strategy.

The Andean nation’s interim government suspended operations over alleged efficiency shortfalls and cost issues.

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