01 April 2012 23:37 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS)--Braskem, Latin America’s’s largest petrochemicals producer, and Peruvian state oil company Petroperu are due to begin feasibility studies on their $3bn (€2.3bn) petrochemical plant project, a market source said on Sunday.
The studies have been approved and will start imminently, a source said on the sidelines of the International Petrochemical Conference (IPC).
The polyethylene plant, which may begin producing 1m tonnes/year of the resin by 2017, will be the only petrochemical facility on Latin America’s ?xml:namespace>
The partners in the project will conduct a $5m, one-year feasibility study, Braskem vice president, Luiz de Mendonca, said in November.
Hosted by the American Fuel & Petrochemical Manufacturers (AFPM), the IPC continues through Tuesday.
($1 = €0.75)
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