15 November 2013 17:44 [Source: ICIS news]
CARTAGENA, Colombia (ICIS)--The construction of a naphtha cracker in Latin America is “impossible” because of increased competition from the US and Mexico, an executive with Colombia-based Propilco said on Friday.
“Competition today with gas crackers in the US and Mexico makes it very difficult to justify building a naphtha cracker in Latin America, at least for the next 10 years. It is impossible,” said Pedro Capella, vice president of special projects at Propilco.
Capella spoke at the 2013 Polyolefins Consulting Seminar organised by the PetroChemical Consulting Alliance ahead of the 33rd annual Latin American Petrochemical Association (APLA) meeting.
Propilco is a subsidiary of Colombia’s largest energy company, Ecopetrol.
Ecopetrol’s plan to build a naphtha cracker in Cartagena to take feedstock from its Reficar refinery expansion is currently on hold, Capella said.
The APLA conference runs 16-19 November in Cartagena, Colombia.
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