01 April 2012 18:29 [Source: ICIS news]
SAN ANTONO, Texas (ICIS)--Market demand for basic petrochemicals and polymers will grow more strongly than the capacity to produce these materials over the next three to four years, a Braskem executive said on Sunday.
Following a difficult fourth quarter, Braskem has ramped up production from its crackers, said Rui Chammas, the Brazilian producer’s executive vice president for basic petrochemicals. Braskem is raising output of petrochemicals, polymers and intermediates and is developing its bio-based polyolefins production capabilities to meet the expected demand growth.
“We still believe that demand will grow strongly in the coming years, “ Chammas said on the sidelines of the International Petrochemical Conference (IPC)..
The cracker and polyolefins capacity additions planned globally to come on-steam over the next three to four years will not match that demand growth, he suggested.
Brazil-based petrochemical producer Braskem plans to focus on local projects in 2012, the company said late last year. It expects to spend a total of about $5bn on projects such as a polypropylene plant at the Camaçari petrochemical complex, a green polypropylene plant and a green polyethylene plant, the company’s CEO Carlos Fadigas told a Brazilian newspaper.
Braskem is also targeting the production of additional volumes of cracker co-products that are expected to become tight as ?xml:namespace>
The company said earlier that it plans to inaugurate a 100,000 tonne/year butadiene plant this June at its Triunfo petrochemical complex in the southern state of
Chammas said Braskem was also exporting raw C4s from its cracker in
Hosted by the American Fuel & Petrochemical Manufacturers (AFPM), the IPC continues through Tuesday.
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