AFPM '12: Braskem, Petroperu move forward with Peru PE project

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 Pacific Coast.

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)

By: Leela Landress
+1 713 525 2653

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