01 November 2010 22:45 [Source: ICIS news]
MIDLAND, Michigan (ICIS)--US major Dow Chemical plans to build its sugarcane-based polyethylene (PE) plant in Brazil with or without a partner, a company official said on Monday.
Dow plans to construct a 350,000 tonne/year linear low-density PE (LLDPE) facility using sugarcane-based ethanol as feedstock as soon as the economics are favourable, said Pedro Suarez, president of Dow Latin America.
Suarez spoke in an interview at Dow’s investor day.
“This will be our first major investment in the renewables market, so we want to make sure that we will be able to do this right,” said Suarez.
Dow, however, is still open to potential partners for the project, he added.
Dow initially announced its plans to build the facility in 2007 in partnership with Brazilian ethanol producer Crystalsev. Suarez confirmed that the partnership was dissolved last year.
Suarez said Dow already owns 14,000 hectares of sugarcane plantation in Brazil to use for feedstock.
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