Asunción, Agencia IP.- A delegation of executives from the Korean company Cheong A Chemical Co., Ltd. visited the offices of the Rediex Vice Ministry, under the Ministry of Industry and Commerce, to explore the possibility of establishing a green fertilizer plant in Paraguay. The project aims to supply the Brazilian market and position Paraguay as a key player in South America’s energy transition.
During the meeting, topics discussed included the production of green hydrogen-based fertilizers through urea, a clean and sustainable alternative to conventional methods that rely on natural gas.
Countries such as Russia and Iran currently lead global production, but Paraguay, due to its abundant hydroelectric energy generation, is emerging as a strategic alternative to lead this regional shift toward low-emission fertilizers.
The proposal includes installing the plant in Alto Paraná, taking advantage of its geographical location and logistical connectivity with Brazil, the main projected export destination.
The Korean entrepreneurs were informed about the incentives available for foreign investment in Paraguay, such as the Maquila regime, Law 60/90, and other policies that support industrial and sustainable development.
Founded in South Korea in 1987, Cheong A Chemical is recognized for its continuous innovation in petrochemical products, fertilizers, and agricultural solutions. The company is currently seeking to expand its operations into South America.
This initiative represents an important step toward a cleaner regional economy and positions Paraguay as a strategic hub for the development of green technologies applied to agriculture.
The business mission was led by CEO and President Seo Gyu Yoon, along with Executive Director Byeong Cheol Choi. They held a technical meeting with the Rediex team, which included Senior Export Specialist Jimmy Kim, Senior Investment Specialist Sebastián Gorostiaga, and Head of the Post-Investment Services Department, Aramí Arza.