Peru
Praxair Peru S.A.
$10.7 million
Manufacturing
Project Brief
Not Active
MIGA issued a $10.7 million guarantee to Banco Santander, S.A. for its investment in the construction and operation of an industrial gas production plant in Pisco. The guarantee covers the investment against transfer restriction and expropriation risks.
The facility will produce argon, which is used for laboratory equipment and welding, in addition to a whole range of industrial gases used in the metals, mining, and medical sectors in the production process. The project is expected to triple Praxair's production capacity in Peru.