24 September 2010 22:34 [Source: ICIS news]
SAO PAULO (ICIS)--Brazilian President Luiz Inacio Lula da Silva on Friday said Braskem has combined the country’s natural resources with home-grown technology to build the world’s first large-scale ethanol-to-polyethylene (PE) operation.
Lula spoke at the inauguration of the reais (R) 500m ($291m, €218m) facility.
Lula started by saying that ?xml:namespace>
Lula said he was glad to participate in the opening of an operation that used “Brazilian technology, Brazilian workers on Brazilian soil”.
The plant was operating at full capacity and would start supplying customers with material in October, Braskem said.
Around 80% of the unit’s future production has been committed and most of the volume would be exported to Europe, the
($1 = R1.72)
($1 = €0.75)
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