Pequiven, Sinochem in aromatics, fertilizers export talks

21 November 2011 22:40  [Source: ICIS news]

CARACAS (ICIS)--Venezuela state petrochemical company Pequiven said on Monday that it was holding talks with China’s Sinochem Shanghai to export chemicsl such as benzene, toluene and xylene (BTX) as well as fertilizers to China.

A Sinochen representative visited Venezuelan recently to finish up details of the deal, Pequiven said in a press release.

The BTX, Pequiven said, would come from a plant attached to the El Palito refinery owned by state oil company PDVSA in central Venezuela’s coastal Carabobo state.

Additionally, unspecified volumes of several fertilizers would be sent to China from Pequiven’s Moron Petrochemical Complex, also in Carabobo state.

The fertilizers will be urea-based, and nitrogen, phosphorus and potassium (NPK) based, Pequiven said. The Venezuelan petrochemical company reiterated that urea and ammonia production capacities at Moron are being increased to insure fertilizers for both the Venezuelan market and for export.

Sinochem already has fertilizer operations in Argentina, Brazil and Costa Rica and is seeking to continue expansion in Latin America, Sinochem representative Cathy Wei was quoted as saying.

Author: Carlos Camacho

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