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)
For more on Braskem and other producers visit ICIS company intelligence
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections