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.
Chavez said that these projects “are part of the guarantee to continue building an independent Venezuela”.
($1 = €0.80)
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