Investor Presentaiton
UPM completed the construction of the second pulp mill, on
schedule, allowing them to start production operations; a large FDI
project for producing e-fuels is expected to start in late 2024.
UPM's pulp mill and Central Railway project (1)
The construction of the new UPM plant was
completed in December 2022 and the plant began
operating in April 2023.
■ UPM invested a total of approximately US$ 3.5
billion (4.8% of GDP) to build a 2.1 million-ton
greenfield eucalyptus pulp mill in Durazno and a
port terminal in Montevideo.
FDI net capital inflows (2)
(Rolling 4-quarters, in % of GDP)
8.0
6.0
4.0
2.0
0.0
The construction of the Central Railway is still
ongoing. It will be running from Paso de los Toros
city to the port of Montevideo (273 km long).
-2.0
-4.0
2017Q2
(1) Source: Ministry of Economy and Finance of Uruguay and UPM.
(2) Source: Central Bank of Uruguay.
2018Q4
2020Q2
2021Q4
6.4
2023Q2
☐
On June 8, 2023, ANCAP announced a US$4 billion
investment in infrastructure and facilities designed to
produce e-fuels using green hydrogen and captured
biogenic carbon dioxide, through a joint venture with
HIF Global.
The project is expected to produce 180,000 metric
tons of e-gasolines per year using 710,000 tons of
captured carbon dioxide produced by ANCAP's
biofuel subsidiary and 100,000 tons of green
hydrogen derived from electricity generation
produced from expanded wind and solar sources.
■ The construction is planned to start in late 2024.
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