History

With the initial participation of Instituto de Fomento Industrial (IFI), Empresa Colombiana de Petróleos, ECOPETROL, and Instituto Venezolano de Petroquímica (IV), the public deed of Monómeros was executed.

The facilities of the complex are inaugurated in one of the most important port cities, in the city of Barranquilla, thus initiating an industrial and economic movement of great importance for the growth of Colombia.

Commercial activities begin.

The shipping company Compass Rose Shipping Ltda. is created, which provides a cargo service dedicated to Colombia and Venezuela from Northern Europe, Scandinavia, the United Kingdom, Spain, the United States and West Africa. This successful company is the result of the association of MONÓMEROS COLOMBO VENEZOLANOS S.A. (EMA), with the CLIPPER group, a Danish shipping company.

Cargill's fertilizer operation in Colombia is acquired and renamed ECOFÉRTIL, which is dedicated to the production and marketing of simple and mixed fertilizers. Its headquarters are in Bogotá and its mixed fertilizer production plant is in Buenaventura.

The Colombian Petroleum Company (ECOPETROL) and the Institute for Industrial Development (IFI) sold their shareholding to the Venezuelan partner Petroquímica de Venezuela (PEQUIVEN).

Due to the commercial conditions of the product, the company makes the decision to close the Caprolactam line.

In 2018, the production and marketing of the product was limited due to the actions applied to the Monómeros Group by the US Treasury Department.

The development of the new corporate strategy begins, through initiatives led by the organization's process leaders, to guarantee the growth and sustainability of the company in the national market.