14 August 2013 20:26 [Source: ICIS news]
MEDELLIN, Colombia (ICIS)--Bolivia’s EBIH has signed a memorandum of understanding with a local government head to develop a polyethylene (PE) processing plant in the city of Yacuiba in the southern Gran Chaco province, the state-run hydrocarbons industrialisation company said on Wednesday.
EBIH said the memorandum, signed by the company’s chief executive Amado Montes Barzon and Yacuiba’s deputy governor Marcial Rengifo, would “allow us to coordinate actions for the development and implementation of the project to produce polyethylene derivatives”.
The project is the latest in an ambitious slate of petrochemical production facilities that Bolivia’s government has earmarked for the Gran Chaco region.
In a previous statement, YPFB said the facilities in the region would use liquefied petroleum gas (LPG) feedstock from the Gran Chaco liquids separation plant, which is expected to come on line in the second half of 2014.
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