Investor Presentaiton
1
UPM completed the construction of the second pulp mill, on
schedule, and started its production operations; announcement of a
large FDI project for producing e-fuels 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.
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).
FDI net capital inflows (2)
(Rolling 4-quarters, in % of GDP)
6
4
2
-2
(1) Source: Ministry of Economy and Finance of Uruguay and UPM.
(2) Source: Central Bank of Uruguay
-4
2017Q1
2018Q3
2020Q1
2021Q3
5.4
2023Q1
ā
ā
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.
Pursuant to ANCAP's announcement, 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.View entire presentation