12 November 2012 15:02 [Source: ICIS news]
RIO DE JANEIRO (ICIS)--Polyethylene (PE) demand along the west coast of ?xml:namespace>
In November 2011, Petroperu and Braskem signed a memorandum of understanding to analyse the technical and economic viability of a 1.2m tonne/year PE plant, which would rely on local ethane.
If Petroperu and Braskem go through with the project, it would be the first PE plant in
Moreover, being on the coast would give the plant easy access to export markets. In fact, Petroperu estimates that the project could generate $1bn/year (€790m/year) of exports.
Domestic demand in
He made his comments on the sidelines of the Latin American Petrochemical Association (APLA) annual meeting.
The APLA conference ends on Tuesday.
($1 = €0.79)
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