Reports related to this article:
Project(s): View 4 related projects in PECWeb
Plant(s): View 2 related plants in PECWeb
en
Written by Amir Richani for Industrial Info Resources (Sugar Land, Texas)--Argentina's new government expects its flagship investment program to continue attracting funding for industry developments, especially in mining and hydrocarbons.
Argentina announced last August its Large Investment Incentive Scheme (RIGI), which aims to provide fiscal and legal benefits to companies that invest long-term in Argentina. Since then, RIGI has attracted the attention of the mining and hydrocarbons industries.
With only few months of applications in 2024, RIGI has enticed significant investment, ranging from Minas Argentina S.A.'s US$1 billion plan to produce gold in the San Juan province, to YPF and other hydrocarbon companies' proposal to construct the Vaca Muerta Sur gas pipeline, which is valued at roughly US$3 billion.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can read detailed reports on the San Juan project and the Vaca Muerta Sur pipeline.
This year will not be different; the RIGI is expected to continue attracting the interest of companies seeking to invest in Argentina in exchange for long-term stability. One example is Galan Lithium, which, in October last year, applied to the RIGI for its Hombre Muerto salt flat project, which has an expected capacity of 5,400 tons of lithium per year.
Recently, in response to RIGI, Galan Lithium announced it will pursue a Phase II expansion of 21,000 tons per year. Subscribers can read detailed reports on carbonate and brine extraction components of the project.
To apply for the RIGI, companies in mining, hydrocarbons, renewable energy, technology, infrastructure and other industries need to make investments of at least US$200 million. Also, companies must invest at least 40% of the project's total value in the first two years.
In exchange, the financial program guarantees that rights, protections and incentives remain stable for 30 years. Additionally, the companies benefit from an income tax reduction to 25%, compared with a general rate of 35%.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
Argentina announced last August its Large Investment Incentive Scheme (RIGI), which aims to provide fiscal and legal benefits to companies that invest long-term in Argentina. Since then, RIGI has attracted the attention of the mining and hydrocarbons industries.
With only few months of applications in 2024, RIGI has enticed significant investment, ranging from Minas Argentina S.A.'s US$1 billion plan to produce gold in the San Juan province, to YPF and other hydrocarbon companies' proposal to construct the Vaca Muerta Sur gas pipeline, which is valued at roughly US$3 billion.
Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can read detailed reports on the San Juan project and the Vaca Muerta Sur pipeline.
This year will not be different; the RIGI is expected to continue attracting the interest of companies seeking to invest in Argentina in exchange for long-term stability. One example is Galan Lithium, which, in October last year, applied to the RIGI for its Hombre Muerto salt flat project, which has an expected capacity of 5,400 tons of lithium per year.
Recently, in response to RIGI, Galan Lithium announced it will pursue a Phase II expansion of 21,000 tons per year. Subscribers can read detailed reports on carbonate and brine extraction components of the project.
To apply for the RIGI, companies in mining, hydrocarbons, renewable energy, technology, infrastructure and other industries need to make investments of at least US$200 million. Also, companies must invest at least 40% of the project's total value in the first two years.
In exchange, the financial program guarantees that rights, protections and incentives remain stable for 30 years. Additionally, the companies benefit from an income tax reduction to 25%, compared with a general rate of 35%.
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) platform helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking more than 200,000 current and future projects worth $17.8 trillion (USD).
