Pampa Energía will invest US$2.7 billion in a urea plant in Argentina.

Last week, Pampa Energía announced a US$2.7 billion investment in the construction of a granulated urea plant in Bahía Blanca, Buenos Aires province, Argentina. Most of the plant's production will be exported to Brazil. The plant will be located in the Bahía Blanca Industrial Park and will have the capacity to produce 2.1 million tons of urea per year, with operations expected to begin by the end of 2029. According to the company, the project has already been submitted to the Large Investment Incentive Regime (RIGI), an Argentine government program aimed at attracting large-scale investments. During the construction phase, the project is expected to generate more than 3,500 direct jobs, in addition to thousands of indirect jobs. After operations begin, the plant is expected to maintain approximately 300 permanent jobs.

This text was translated by machine from Brazilian Portuguese.