Dow joins Brazil acylic acid/SAP project
16 February 2005 23:09 [Source: ICIS news]
SALVADOR, Brazil (CNI)--Dow Chemical plans to invest in a joint venture (jv) acrylic acid/superabsorbent polymers (SAP) project under study in Brazil, Brazilian state-owned energy group Petrobras announced Wednesday.
Petrobras, which confirmed plans to construct the complex last year, has already named Brazilian chemicals producer Elekeiroz as one of the partners.
Petrobras, Elekeiroz and Dow Brasil signed today a memorandum of understanding (MOU) to conduct a feasibility study for the project. The duration of the MOU is six months, said Petrobras in a statement.
The complex would be built next to Petrobras’ Gabriel Passos (Regap) refinery in Minas Gerais, which will supply propylene feedstock. Petrobras estimates the initial investment cost at over $360m (Euro276m).
Elekeiroz produces n-butanol and 2-ethyl hexanol, which are used in the production of acrylates, while Dow is a major global producer of acrylic acid and its derivatives, Petrobras noted.
As reported last month by CNI, the project is due on stream in 2009 and is expected to include a 140 000 tonne/year acrylic acid plant, a 50 000 tonne/year SAP facility and a 50 000 tonne/year acrylates unit. SAP will be used in the manufacture of disposable nappies (diapers) and sanitary towels, while the acrylates will be sold to the paints and adhesives manufacturers.
Petrobras said the project, if approved, will lead to the creation of a second generation of companies in the region and the creation of over 5000 jobs.
By: Anna Jagger
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