Pampa Energia to invest $2.7 billion in Argentine urea plant

PAMPA ENERGIA SA

17/07/2026 22:56

BUENOS AIRES, July 17 (Reuters) - Argentine energy company Pampa Energia PAMPm.BA said on Friday it will invest $2.7 billion to build a granulated urea plant in Bahía Blanca, in the south of Buenos Aires province.
The project aims to supply fertilizer to Argentina, one of the world's largest exporters of grains and processed agricultural goods, while also targeting exports to neighboring Brazil, another major farming producer.
"With this plant, the country will have its own urea supply, more predictable and competitive, and will be able to export to the region and the world," Pampa Energia Chairman Marcelo Mindlin said in a statement.
Pampa said the plant is expected to begin producing 2.1 million metric tons of urea annually by the end of 2029.
The company said the project would mark the start of a new business line for Pampa Energia and generate a new source of foreign currency for Argentina, with an estimated annual contribution of about $1 billion through import substitution and exports.
Pampa added that it has already submitted the project to Argentina's incentive regime for large investments, known as RIGI, which offers tax benefits and other advantages to companies.

 (Reporting by Eliana Raszewski;)
 ((Kylie.Madry@thomsonreuters.com;))