The company, owned by Chile’s ENAEX and the local Brescia group, plans to meet fertiliser demand from Argentina, Brazil and some countries in Asia.
CF Industries has also announced a US$2 billion investment programme including the construction of a plant to produce 1.3 million tonnes of urea.
Production will meet domestic demand (30 percent of total) with the rest for export to nearby countries.
Work will start in 2010 and the plant will be operating in 2013.
Local production will generate a 40 percent cost reduction compared with current imported product from Ukraine.
Source: El Comercio
