09 November 2010 19:35 [Source: ICIS news]
RIO DE JANEIRO (ICIS)--Latin America is one of the world’s new economic powerhouses, a Braskem official said on Tuesday, reiterating the company’s plan to invest heavily in the region.
Latin America is a global “locomotive” just like China, said Braskem vice president Roberto Ramos, pointing to several petrochemicals projects in region. He also cited Braskem’s plan to build a cracker in Mexico.
The project, which is in partnership with Idesa, will start up in 2015, he said during a presentation at the 30th Latin American Petrochemical Association (APLA) annual meeting in Rio de Janeiro.
Ramos also said that a proposed polyethylene (PE) and ethylene complex by Westlake in Trinidad and Tobago, which was on hold, was likely to move forward because of expected availability of natural gas in the Caribbean nation.
The expected increase in ethane supply in the US would likely free up natural gas supply in Trinidad for the project, he told delegates.
The 2010 APLA conference ends on Tuesday.
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