05 September 2013 20:20 [Source: ICIS news]
CAMPINAS, Brazil (ICIS)--Construction of Braskem Idesa's Ethylene XXI ethylene plant in Mexico is 45% complete, Braskem said on Thursday.
The Ethylene XXI complex, a joint venture between Brazil-based Braskem and Mexico-based Grupo Idesa, is expected to include a 1.05m tonne/year ethane cracker; two high density polyethylene (HDPE) plants with capacities of 350,000 tonnes/year and 400,000 tonnes/year; and one 300,000 tonne/year low density polyethylene (LDPE) plant.
Braskem owns a 75% stake in the project, with Grupo Idesa owning the rest.
With around 10,000 employees already working on the site, the petrochemical complex has finalised its earthmoving and foundation phases, Braskem said.
Current work at the site includes the installation of steel structures and pipes.The plant is expected to begin operations by late 2015.
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