Brazil Braskem to invest $617m at Triunfo
05 June 2008 23:35 [Source: ICIS news]
HOUSTON (ICIS news)--Latin America’s largest petrochemical producer Braskem plans to invest Brazilian reais (R)1bn ($617m) in the next three years at the Triunfo petrochemical complex, the company announced on Thursday.
A previously announced ethanol-based polyethylene (PE) plant is part of the project, with an estimated cost of R400m-500m, Braskem said.
The renewable PE unit will have capacity of 200,000 tonnes/yr, with the project likely to get underway in 2008 pending board approval. The project would begin producing in 2010, Braskem said.
The Triunfo petrochemical complex is located in southern
($1=R1.62)
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By: John Waggoner
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