The NPK fertilizer plant in Santa Cruz, Bolivia, inaugurated by President Arce, produced 4,555 tons of fertilizers worth 23.9 million bolivianos. The facility aims to fulfill domestic fertilizer needs and facilitate exports, with a production capacity of 60,000 tons annually. This project signifies Bolivia’s commitment to industrialization and import substitution in agriculture.
The newly inaugurated NPK fertilizer plant in Santa Cruz, Bolivia, has produced 4,555 tons of fertilizers, generating an income of 23.9 million bolivianos, equivalent to over $7 million. Officially launched by President Luis Arce in October 2023, this facility is part of Bolivia’s industrialization efforts aimed at reducing dependency on imports. According to EBIH General Manager Jorge Martínez, this initiative underscores the country’s resource potential and commitment to an organized industrial process.
This plant, strategically located near the Santiváñez Industrial Park, is designed to meet Bolivia’s domestic fertilizer demands and pursue international export opportunities. EBIH plans to source raw materials from local companies such as YPFB and YLB, ensuring a reliable supply chain. Notably, the factory is expected to produce around 60,000 tons per year, with 35% allocated for the domestic market.
The introduction of NPK and slow-release granulated urea fertilizers is anticipated to elevate crop yields in Cochabamba by approximately 60%. This facility marks a significant step in the Bolivian government’s agenda to establish nearly 170 similar plants, reinforcing the commitment to industrial growth and import substitution. The construction of the plant by Sur Energy SRL took just over one year at a total cost of $8 million, highlighting efficient project management within the industrial sector.
The establishment of the NPK fertilizer plant represents a strategic move for Bolivia to enhance its agricultural productivity while reducing reliance on imported fertilizers. By leveraging local resources and expanding exports, the plant is positioned to significantly contribute to the nation’s economy and food security. As part of a broader industrialization policy, this initiative not only fosters domestic capabilities but also paves the way for Bolivia to take advantage of global demands for fertilizers.
Original Source: www.plenglish.com
