Brazil Plans to Fund Urea Production in Puerto Quijarro and Potassium Chloride Projects in Uyuni and Coipasa

During the second meeting of the Bilateral Agenda Fulfillment between Bolivia and Brazil, discussions revolved around securing financing for phosphate resource exploration and the establishment of new urea and potassium chloride plants. This collaborative effort aims to bolster fertilizer production and strengthen commercial, technological, and institutional ties between the two nations.

Carlos Fávaro, the Minister of Agriculture, Livestock, and Supply of Brazil, shared insights into the progress made during the meetings with Bolivian counterparts. The discussions paved the way for the preparation of a bilateral agreement that rekindles relations between Brazil and Bolivia. The focus was on enhancing cooperation in various domains, including agriculture and the vital fertilizer industry.

The meetings themselves were comprehensive in scope. In the first meeting, Bolivian ministers engaged with the Minister of Mines and Energy and representatives from the sector to delve into topics such as fertilizers, lithium, gas, and electricity exploration. This multifaceted dialogue underscored the breadth of collaboration between the two countries.

Another significant meeting took place between Bolivian ministers and Carlos Fávaro, the Brazilian Minister of Agriculture, Livestock, and Supply. The primary agenda was to address several key projects of mutual interest. These projects encompassed the establishment of potassium chloride plants in Coipasa (Oruro) and Uyuni (Potosí), the financing for the construction of a second urea plant in Puerto Quijarro, Santa Cruz, and another in Cuyabá, Brazil. Additionally, discussions centered on the exploration of phosphate resources within Bolivian territory.

Intriguingly, the meeting also witnessed substantial progress towards the signing of a memorandum of understanding with the Brazilian Agricultural Research Company (Embrapa). This signifies an important step towards enhanced collaboration in agricultural research and development.

Furthermore, the discussions encompassed the implementation of a business model in the urea plant located in Tres Lagoas. Additionally, Bolivia's active participation in this collaborative effort was exemplified through its involvement with Yacimientos Petroliferos Fiscales Bolivianos (YPFB).

The agreements forged during these meetings align seamlessly with Bolivia's strategic vision of bolstering fertilizer production. This initiative positions Bolivia as a prominent supplier to Brazil's agricultural and food industry, given that Brazil presently imports approximately 90% of its fertilizer requirements from other countries.

In essence, the second meeting of the Bilateral Agenda Fulfillment between Bolivia and Brazil served as a platform for fostering collaboration across diverse sectors. The discussions transcended national boundaries and embraced shared objectives in agriculture, energy, and resource exploration. The agreements reached signify a promising stride toward mutual growth, innovation, and self-sufficiency in the realm of fertilizer production—a vital component in the agricultural and economic landscape of both nations.