Brazil Petrobras plans methane-to-chemicals complex in Linhares
09 February 2011 23:41 [Source: ICIS news]
HOUSTON (ICIS)--Brazil-based Petrobras signed an agreement with the state of Espirito Santo to build a methane-to-chemicals complex in Linhares, a move followed by the stock closing down 2.6% on Wednesday.
When completed, the complex will produce nitrogen fertilizers, methanol, acetic acid, formic acid and melamine, according to media reports.
Eshoje estimated that the capacity would be 763,000 tonnes/year of urea and 1.09m tonnes/year of methanol.
The reports did not say when the plant should be completed.
Petrobras had announced in June that it planned to build four gas-to-liquids plants.
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