APLA ’08: INEOS, Basell tech set for Venezuela PE

18 November 2008 14:42  [Source: ICIS news]

RIO DE JANEIRO (ICIS news)--Braskem and Pequiven are expected to select INEOS and Basell technologies for their joint venture polyethylene (PE) projects in Jose, Venezuela, industry players said on Tuesday.

INEOS technology would be selected for the linear low density PE (LLDPE) and high density PE (HDPE) units, while Basell technology would be selected for the low density PE (LDPE) unit, said one source familiar with the project on the sidelines of the 28th Latin American Petrochemical Association (APLA) meeting.

The plants will have a combined capacity of 1.1m tonnes/year and will be supplied by a 1.3m tonne/year cracker.

The integrated ethylene and PE joint venture project is expected to be completed in 2012/2013.

According to Brazilian producer Braskem and Venezuela's Pequiven, the timescale will be maintained, although industry observers questioned whether this will be possible in the current economic climate.

It might become harder to secure financing for the Jose project, said Jorge Buhler of US-based Polyolefins Consulting.

However, project teams have been assembled and “there is a serious amount of pre-investment”, he added. 

Braskem and Pequiven are also planning a joint venture polypropylene (PP) project for the Jose complex, which is due on stream in 2011. Basell’s Spheripol technology has been selected for the 450,000 tonne/year plant.

For more on INEOS and LyondellBasell visit ICIS company intelligence

For more on polyolefins visit ICIS chemical intelligence

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By: Anna Jagger
+44 20 8652 3214

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