Pampa Energia SA has approved plans for a $2.7 billion urea fertilizer plant in Argentina, according to multiple reports. The project is described as the first new urea facility of its type in the country in roughly 25 years. The plant is set to be built on Argentina’s Atlantic coast in Bahía Blanca, a major petrochemicals hub. Both outlets say the company has green-lit the investment, framing it as part of a broader push in energy and industrial development. The construction is expected to take about three years, with the facility intended to expand domestic production of urea fertilizer. The reports emphasize that the investment marks a long-awaited restart for new urea capacity in Argentina after a multi-decade gap, and point to the wider context of improved feedstock availability and industrial momentum. No additional details on financing terms, operating timeline beyond the three-year build period, or specific production capacity were provided in the excerpts.