Venezuela plans to start $113m PE plant in June

29 May 2012 22:34  [Source: ICIS news]

MEDELLIN, Colombia (ICIS) –The Venezuelan government plans to start a $113m (€90m) polyethylene (PE) plant in June at its Ana Maria Campos petrochemical plant on the eastern coast of Lake Maracaibo, the government said on Tuesday.

During broadcast on Venezuelan television, President Hugo Chavez, discussed new petrochemical projects being planned.

Chavez said to kick off the 2013-2019 project cycle, a new butene plant at the Ana Maria Campos petrochemical complex will “open its doors” in June.

The plant is expected “to help boost the transformative plastic project in our country”, Chavez said.

Chavez also announced that a $60m investment will be made at the same petrochemical complex to open a new polypropylene (PP) plant.

An ammonium and urea plant, in the city of Moron located on the Caribbean coast, will be inaugurated before the end of 2012, Chavez said. The plant will produce 630,000 tonnes/year of ammonia.

Chavez said that these projects “are part of the guarantee to continue building an independent Venezuela”.

($1 = €0.80)

By: Leela Landress
+1 713 525 2653

AddThis Social Bookmark Button

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.

Printer Friendly