09 November 2009 23:18 [Source: ICIS news]
MEXICO CITY (ICIS news)-Brazilian chemicals major Braskem and Mexico’s Idesa revealed on Monday that their proposed polyethylene (PE) complex in Coatzacoalcos, Mexico will include a 450,000 tonne/year high density PE (HDPE) plant plus smaller linear low density and low density units.
Braskem vice president Roberto Ramos said the complex will have the capacity to produce 350,000 tonnes/year of linear low density PE (LLDPE) and 200,000 tonnes/year of low density PE (LDPE).
“The project will probably be the most important petrochemicals project to be built in the Americas,” Ramos told journalists at a press conference.
The $2.5bn (€1.7bn) project, known as Ethylene XXI, will centre on a 1m tonne/year ethylene plant based on ethane gas from Petroleos Mexicanos (Pemex). The Mexican state-owned energy group has awarded the 20-year ethane supply contract to Braskem and Idesa and has expressed an interest in holding a small share in the venture.
If Mexichem decides that it wants to purchase ethylene from the project, “we could consider not producing LDPE and sending [the ethylene] to Mexichem”, explained Cleantho Leite Filho, director of Braskem’s international projects.
Braskem and Idesa now have 90 days to finalise internal agreements and determine whether Pemex will join the project, Ramos said.
($1 = €0.67)
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