Toyo bags Bolivian national oil firm’s urea technology contract

Toyo bags Bolivian national oil firm’s urea technology contract

9:26 AM, 9th October 2012
Toyo bags Bolivian national oil firm’s urea technology contract

TOKYO, JAPAN: Toyo Engineering Corporation is awarded a urea synthesis and granulation technologies supply contract with a capacity of 2,100 tonne per day for Yacimientos Petrolíferos Fiscales Bolivianos (YPFB), Bolivian national oil company in Carrasco, Cochabamba, Bolivia. The plant is scheduled to start up in 2015.

The scope of the contract includes license, development of basic design and supply of a set of proprietary equipment. Samsung Engineering Co Ltd (SECL) has been awarded EPC contract for the ammonia and urea project and Toyo provides its proprietary urea technologies to YPFB through SECL.

Bolivian government plans to monetize its vast natural gas resources in the country and this project is the first project in its plan which targets import substitute and export market of urea product as well as expansion of cultivation area in the country.

Toyo’s urea synthesis (ACES21) and granulation technologies promote low utility consumption and reduction of initial investment cost. This is the first project for Toyo in Bolivia and has committed Toyo to expand its business in Bolivia.

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