Monday, October 22, 2007

Consortium of foreign companies mull petrochemical plant in Peru

A consortium of foreign companies is mulling investment of US$1 bln to build a petrochemical plant in Peru as the government lures investment to the nascent sector. Australia's Orica Ltd., U.S. firms Terra Industries Inc and Omimex Resources, and Colombia's Abocol, have been in discussions with Peru's President to build a plant near Pisco, a city destroyed by a powerful earthquake in August.

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