Latin America round up: $1bln petrochem boost for Peru

Fertilizer maker CF Industries is looking to invest $1 billion to develop petrochemicals plants in Peru. The company plans to build two plants – one producing ammonia and one urea – the company’s president announced at the Asia Pacific Economic Cooperation (Apec) forum, attended last month by leaders from 21 Pacific Rim economies. Peru is working to persuade foreign companies to invest billions of dollars to develop petrochemicals plants that can utilize products coming from Peru’s Camisea gas field.