Brazil's Braskem analysing ways to be part of shale gas phenomenon

24 May 2013 03:27  [Source: ICIS news]

SAO PAULO (ICIS)--Braskem continues to evaluate the possibility of joining in the ethane cracker boom in the US to take advantage of North America’s shale gas phenomenon, an executive with the global chemical maker said on Thursday.

Braskem already has a significant presence in the US and is working with Grupo Idesa on the Ethylene XXI project in Mexico, but the Brazil-based company continues to look into whether it wants to join the list of companies planning to build crackers in the US in the coming years, said Luciano Guidolin, Braskem’s executive vice president for polyolefins.

Guidolin made his comments on the sidelines of the Feiplastic 2013 convention.

“We are analysing how we could be part of this phenomenon,” he said. “We are evaluating opportunities to grow and leverage our current presence in the United States. Those studies are at a stage where we cannot disclose much more.”

“Given that North America has become an important market for Braskem where we have a leading position in polypropylene (PP), I think it’s natural for us to understand that there are possibilities to grow our presence,” he added.

Feiplastic continues through Friday.

By: Jeremy Pafford
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