31 January 2013 19:43 [Source: ICIS news]
MEDELLIN, Colombia (ICIS)--Bolivia’s Yacimientos Petroliferos Fiscales Bolivianos (YPFB) is carrying out a feasibility study for the construction of a propylene and polypropylene (PP) plant in the southern province of Gran Chaco, the state-owned oil company said on Thursday.
According to YPFB, the plant would use liquefied petroleum gas (LPG) feedstock from the Gran Chaco liquids separation plant, which is due to come online in the second half of 2014.
“Propylene and PP will give greater added value to a number of applications, including food packaging, textiles, laboratory equipment, automotive components and transparent films,” the company said.
The completed study will be submitted in June this year, the company said, adding that it expects the contract for the plant’s construction to be signed off by the end of this year or early next year.
The plant, which will produce ethylene, high density PE (HDPE), low density PE (LDPE) and linear low density PE (LLDPE), is expected to begin operations in 2017.
($1 = €0.74)
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