The Peruvian petrochemical industry is characterised by small companies with narrow portfolios and foreign investors with niche positions. There have been several newer projects proposed, some of which would turn Peru into a petrochemicals exporter by utilising the country's significant ethane reserves to produce olefins and polymer resins as well as fertilisers. However, proposed projects have failed to advance due to a lack of progress on securing gas feedstock and the pipelines needed to deliver it. Yet, the country could easily host a world-scale cracker due to its strong advantage in low-cost feedstock. Peru has comparatively limited refining capacity; the country has six refineries with total capacity of 198,950 barrels per day (b/d). Repsol-operated La Pampilla is the country's largest refinery, with nameplate capacity of 102,000b/d; the other five facilities - Talara, Couchan, Iquitos, El Milagro and Pucallpa - are run by state-owned Petroperú.

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