Braskem has no plans for US PP plant, contrary to news report

06 August 2013 16:34  [Source: ICIS news]

HOUSTON (ICIS)--A Braskem subsidiary is not in the process of partnering with another company to build a new polypropylene (PP) plant in the US, nor is the company looking to build such a plant, a spokesman for the company said on Tuesday.

"We are not in the process of buying a plant or partnering with anyone on a plant," said Charles Glazer, director of communications for Braskem America. "We are not looking to build a new PP plant."

The company might be interested in a propane dehydrogenation (PDH) unit, but that is still in its early stages, he said.

Earlier, the Brazilian newspaper O Estado de Sao Paulo reported that Braskem was considering investing in a minority stake in a new PP plant. The newspaper quoted Fernando Musa, the CEO of Braskem America.

Glazer said O Estado's report was incorrect.

By: Al Greenwood
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