Camisea to supply gas to CF Industries petrochemical plant in southern Peru

CF Industries signed a $2 billion agreement Oct.13 with Peru’s Camisea consortium for the supply of natural gas for its proposed nitrogen fertilizer complex, to be built in San Juan de Marcona on Peru’s south coast.

Under the terms of the agreement, signed at the government palace in Lima with President Alan Garcia, CF Industries will buy up to 99 million cubic feet of gas per day from the Camisea consortium, which includes Pluspetrol Peru Corporation, Pluspetrol Camisea, Hunt Oil, SK Energy of Korea, Tecpetrol del Peru, Sonatrach Peru and Repsol.

The chairman and CEO of the Deerfield, Illinois-based company, Stephen R. Wilson, said in Lima that an “advantageous pricing structure” and an assured supply of natural gas were the foundations for the company’s investment initiative. “We recognize the efforts of the consortium and are especially grateful for the support of the federal government of Peru throughout this process,” he said.

CF Industries is a major producer and distributor of nitrogen and phosphate fertilizer products. It operates world-scale nitrogen fertilizer plants in Donaldsonville, Louisiana and Medicine Hat, Alberta, and conducts phosphate mining and manufacturing operations in Central Florida. It also owns a 50 percent interest in Keytrade AG, a global fertilizer trading organization headquartered near Zurich.

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