# FertiNitro

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'''FertiNitro''' (''Fertilizantes Nitrogenados de Oriente'') is [Venezuela](/source/Venezuela)'s largest fertilizer company, producing around 1.5m tons of [urea](/source/urea) per year. It was [nationalised](/source/nationalization) in October 2010, having previously been owned by {{ill|Pequiven|es|Petroquímica de Venezuela}} (35%) and [Koch Industries](/source/Koch_Industries) (35%).{{citation needed|date=July 2023}} The nationalization led to negotiations for repayment of the bonds FertiNitro had issued, which led to the Government ultimately offering 105 cents on the dollar (i.e., the bonds' principal plus a portion of the contractual make-whole).<ref>''[BusinessWeek](/source/BusinessWeek)'', 13 December 2011, [http://www.businessweek.com/news/2011-12-13/chavez-windfall-for-bondholders-means-60-fertinitro-return.html Chavez Windfall for Bondholders Means 60% FertiNitro Return]</ref>

FertiNitro is one of the world's main producers of nitrogen fertilizer, with daily production capacity of 3,600 tonnes of [ammonia](/source/ammonia) and 4,400 tonnes of urea.<ref>[Reuters](/source/Reuters), 10 October 2010, [https://www.reuters.com/article/idUSN1026579720101011 UPDATE 3-Venezuela nationalizes Koch, Eni fertilizer plant]</ref>

==References==
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Category:Agriculture companies of Venezuela
Category:Chemical companies of Venezuela
Category:Fertilizer companies
Category:Government-owned companies of Venezuela
Category:Government-owned chemical companies

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