APLA '10: Mexico’s Pemex revives styrene expansion project

07 November 2010 22:30  [Source: ICIS news]

RIO DE JANEIRO (ICIS)--Pemex Petroquimica is proceeding with plans to expand its styrene monomer (SM) capacity in Cangrejera, Mexico, after winning government approval for the project earlier this year, an executive with the Mexican state-owned company revealed on Sunday.

The project, which has been on hold for several years, will raise SM capacity to 250,000 tonnes/year from 150,000 tonnes/year, said Carlos Pani, sub-director for commercial operations. Start-up is scheduled for the end of 2013, he added.

The project was delayed as a result of budget allocation decisions by the central government, Pani explained.

Mexico is a net importer of SM, and will remain a net importer after this expansion, Pani said.

Engineering work is under way for the project, which could be implemented with a joint venture partner, he told ICIS on the sidelines of the Latin American Petrochemical Association (APLA) annual meeting.

One potential partner is Mexican polystyrene (PS) producer Resirene, he suggested. “We’re still in very preliminary conversations,” he remarked.

APLA lasts through Tuesday.

For more on styrene or PS visit ICIS chemical intelligence
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By: Anna Jagger
+44 20 8652 3214

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