PDVSA and Ancap build cement plant

PDVSA and Ancap build cement plant
Published: 18 April 2007

The agreement between Venezuelan PDVSA and Uruguayan Ancap for the implementation of a  cement plant in Paysandu is about to be concluded. The agreement establishes that Ancap will construct the plant while PDVSA will supply petcoke while Ancap will supply 500,000tpa of clinker. Investment in the new plant amounts to US$200m, which is to be financed by BANDES.