31 March 2011 15:52 [Source: ICIS news]
TORONTO (ICIS)--Braskem and Idesa have selected petrochemicals engineering firm Technip to work on their planned 1.05m tonne/year Ethylene XXI joint venture in ?xml:namespace>
In addition, the French petrochemicals engineering major would be in charge of front-end engineering design (FEED) for the cracker and two planned high-density polyethylene plants at the complex, they said.
Ethylene XXI, which will also include a low-density polyethylene plant, is expected to start up by the end of 2014, they said.
ICIS reported earlier that the project is expected to cost $2.5bn (€1.8bn), with about 70% of the cost financed with debt.
($1 = €0.71)
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