Brazil’s Braskem to spend $180m on maintenance shutdowns

11 August 2010 00:13  [Source: ICIS news]

SAO PAULO (ICIS news)--Brazilian petrochemicals major Braskem expects to spend Brazilian reais (R) 317m ($180m, €137m) for maintenance shutdowns this year, the company’s chief executive said on Tuesday.

Bernardo Gradin said about R200m would be spent on a maintenance shutdown scheduled for November at Braskem’s major basic petrochemicals plant in Camacari, in the northeastern state of Bahia.

Braskem’s complex in Camacari can produce about 1.3m tonnes/year of ethylene.

($1 = R1.76, $1 = €0.76)

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By: Hellen Berger
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