Urea plant lost over $88 mn in 2 years

An analysis prepared by the consulting firm Gas Energy Latin America (GELA) reveals that the urea and ammonia plant, built with an investment of US$976.5 million, reported losses of approximately US$88.22 million between 2018 and 2019. The study suggests punishing 50% or 100% of the investment and guaranteeing an operation rate at 80% of the installed capacity, which amounts to 2,100 tons per day.

Source: Los Tiempos