27 December 2011 22:24 [Source: ICIS news]
PORTO ALEGRE, Brazil (ICIS)--Brazil-based petrochemical producer Braskem plans to focus on local projects in 2012, the company said on Tuesday.
The company will spend about $5bn on projects like a polypropylene plant at the Camaçari petrochemical complex, a green polypropylene plant and a green polyethylene plant, Chief Executive Carlos Fadigas told Brazilian newspaper Valor Economico.
The company will also invest in plants at its Comperj facility in Rio De Janeiro, the report said.
Braskem did not disclose any other information about the projects.
“Our strategy will not be different than in the current year, but our priority will be Brazil,” Fadigas told Valor.
Additionally, Braskem is still considering the size of the stake it may acquire in the PetroquimicaSuape polyester and polyethylene terephthalate (PET) resin project being built in northeast Brazil by state-run oil company Petrobras, the report said.
For more on Braskem 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