28 April 2010 23:14 [Source: ICIS news]
HOUSTON (ICIS news)--Brazilian petrochemicals producer Braskem has agreed with Venezuelan state oil company PDVSA to scale back its investment in a petrochemicals plant there and to delay a second one, according to a Reuters report on Wednesday.
To lower costs, Braskem told ICIS news in March that it may relocate the project to Paraguana in ?xml:namespace>
That would eliminate the need to build an integrated propane dehydrogenation plant, Braskem said.
Meanwhile, Braskem and PDVSA also agreed to delay the construction of the Polimerica polyethylene (PE) project by a year to examine cheaper feedstock options, according to the Reuters report.
($1 = €0.76)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections