Braskem still exploring US cracker and PE option - CEO

02 May 2013 20:27  [Source: ICIS news]

NEW YORK (ICIS)--Brazil-based Braskem is still exploring building an ethane cracker and polyethylene (PE) facility in the US to take advantage of the shale gas revolution, the chief executive of its Americas business said on Thursday.

Ethylene and PE is where the money is being made in the US, and here we are looking into what we might do. A PE plant and cracker is one alternative,” said Fernando Musa, president and CEO of Braskem America.

Musa spoke at a meeting of the Chemical Marketing & Economics Group in New York.

“However, we have not made a definite decision on this. If we do build in the US, having a partner is probable, as we are doing in Mexico,” he added.

Braskem Idesa, a joint venture between Braskem and Mexico-based Grupo Idesa, is building the Ethylene XXI project in Mexico, which will include a 1.05m tonne/year ethane cracker along with equivalent PE capacity.

The project, located in Coatzocoalcos in Veracruz state, is expected to start-up in mid-2015.

By: Joseph Chang
+1 713 525 2653

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