05 May 2009 23:15 [Source: ICIS news]
“We continue to be enthusiastic about the project’s benefits for Dow’s growth in Brazil,” according to a statement by the company.
A Brazilian newspaper had said that the company was suspending the $1bn ($750m) project.
Dow said PE in Latin America is one of the most strategic markets for the company.
“A world-scale manufacturing asset in Brazil using a renewable source of ethylene is still a priority for Dow,” added the firm.
The complex will be capable of producing 350,000 tonnes/year of linear low density PE (LLDPE). Production should begin in mid 2011.
The complex, according to the company, will be fully integrated and will have a sugarcane plantation.
Ethanol produced from the sugarcane would be converted into ethylene and finally into PE.
Dow said the location of the unit is still under study.
($1 = €0.75)
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