Braskem-Idesa picks Technip for Mexico's Ethylene XXI petchem project

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 Coatzacoalcos, Mexico, the companies said on Thursday.

Paris-based Technip would provide its technology for the joint venture cracker project between Brazil’s Braskem and Mexico's Grupo Idesa, they said.

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

By: Stefan Baumgarten
+1 713 525 2653

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