27 November 2012 22:22 [Source: ICIS news]
By Al Greenwood
HOUSTON (ICIS)--Braskem ?xml:namespace>
In 2010, Braskem acquired Sunoco's three PP plants.
Since acquiring the plants, one of Braskem's key goals was to secure a reliable source of feedstock propylene, said Fernando Musa, the head of Braskem
In particular, Sunoco had shut down the main processing units at a refinery in
Ultimately, Braskem struck a deal with Sunoco to acquire the propylene splitter at the refinery, which secured the supply of feedstock for the Marcus Hook PP plant.
"This was a very important achievement and provided a lot of comfort for our clients," Musa said.
For its other PP plants, Braskem was facing another feedstock challenge caused by the advent of shale gas in the
As a result of rising natural gas production,
Recently, several companies have announced plans to build propane dehydrogenation (PDH) plants, which would produce on-purpose propylene.
Operations should start in 2015.
The deal with
With feedstock secured, Braskem
This year, Braskem has focused on integrating the
Meanwhile, the company will continue to improve the reliability and productivity of its five
Braskem will also continue to invest in research and development to develop and improve its portfolio of products, he said.
At the same time, the company will continue to strengthen its relationship with its customers, by providing them with both better products and services, he said. "This will continue to be a priority for next year."
The company does not plan to significantly increase PP capacity because the market would be unable to absorb the increased supply, he said.
"We do not see today the economic viability for a new polypropylene plant to be built in the
However, Braskem will continue to evaluate any opportunities in the US outside of the PP market, which had been brought on by the advent of shale gas, Musa said.
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