The NPK fertilizer plant in Bolivia, inaugurated by President Luis Arce, produced 4,555 tons of fertilizers generating 23.9 million bolivianos. Constructed by Sur Energy SRL at an investment of eight million dollars, the plant aims to meet domestic demands and commence exportation. With a planned annual output of 60,000 tons, it is expected to enhance agricultural yields significantly and represents a critical step in Bolivia’s industrialization strategy.
The NPK fertilizer plant in Bolivia has achieved notable success since its inauguration in October 2023 by President Luis Arce. Managed by EBIH, the facility produced 4,555 tons of fertilizers, generating approximately 23.9 million bolivianos (over seven million dollars). Located near the Santiváñez Industrial Park in Santa Cruz, this plant aims to fulfill domestic demand and initiate exports by leveraging Bolivia’s abundant resources.
Constructed by Sur Energy SRL at a cost of eight million dollars and completed in slightly over a year, the plant utilizes raw materials sourced from YPFB, YLB, and local quarries. The NPK fertilizer production will meet domestic needs fully, reducing the necessity for imports. The expected export of 65% of its output aims to enhance the country’s income.
Boasting a capacity to produce approximately 60,000 tons annually of NPK and slow-release granulated urea, the plant is projected to increase agricultural productivity in Bolivia by 60%. This facility represents the first of nearly 170 planned projects under the government’s industrialization strategy focused on import substitution.
The establishment of the NPK fertilizer plant marks a significant advancement for Bolivia’s agricultural sector and its economy. By fulfilling domestic fertilizer needs and initiating exports, this initiative supports the country’s industrialization efforts. Importantly, it highlights Bolivia’s potential in utilizing local resources to enhance agricultural productivity and reduce dependency on imports, paving the way for future industrial projects.
Original Source: www.plenglish.com
