29 September 2003 12:51 [Source: ICIS news]
MONTE CARLO, Monaco (CNI)--Mexico’s Petroquimica chemicals subsidiary receives no break on the costs of natural gas from its parent, state-run oil company Pemex, and cost-advantaged natural gas will play no role in development of its Phoenix project, a Petroquimica executive said here Monday.
“Pemex has some advantages but it’s not an attraction for ?xml:namespace>
Pani was interviewed here on the sidelines at the 37th annual meeting* of the European Petrochemical Association (EPCA). Besides outlining the timetable for proposals from foreign investors on
That price would place Petroquimica on a par with petrochemical producers on the
Pani said Petroquimica instead is promoting the use of “natural gasolines” (C5 and C6) as a feedstock, calling it a byproduct the company does not use.
He said Petroquimica believes it can develop a pricing structure relying on what he called “natural gasolines” as a feedstock.
*EPCA 2003 runs through Tuesday.
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