• Short Summary

    In Argentina, a new petro-chemical plant which is hoped to knock 30 million dollars a year (about 20 million pounds sterling) off the country's balance of payments deficit, has begun producing.

  • Description

    In Argentina, a new petro-chemical plant which is hoped to knock 30 million dollars a year (about 20 million pounds sterling) off the country's balance of payments deficit, has begun producing.

    SYNOPSIS: The plant, at La Plata city about 30 miles (48 kilometres) south-east of Buenos Aires, was practically abandoned in the turmoil before the coup in March this year when General Videla came to power. It is owned by Petro-chemical General Mosconi, and is now one of the biggest and best equipped plants of its king in South America.

    Petro-chemical General Mosconi is a private company but the Argentine government hold most of the shares.

    The plant uses six per cent of Argentina's total production of crude oil but the firm expect that loss will be more than made up for by the petro-chemicals that can now be exported. The plant stands at the mouth of the River Plate and ships can be easily loaded with the products.

    The plant will produce seven basic by-products; phenol which is used in the motor industry for brake and gear linings; styrene for the manufacture of tyres, toys and televisions; and polyurethane for making mattresses and cushions. It is hoped that the plant will eventually be at the centre of a huge complex of factories - producing the finished goods as well as the petro-chemicals needed for their manufacture.

  • Tags

  • Data

    Film ID:
    VLVA71IRJX5FUQCNV2TKP7ONR4S0I
    Media URN:
    VLVA71IRJX5FUQCNV2TKP7ONR4S0I
    Group:
    Reuters - Source to be Verified
    Archive:
    Reuters
    Issue Date:
    19/10/1976
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:28:00
    Time in/Out:
    /
    Canister:
    N/A

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