18 November 2013 02:26 [Source: ICIS news]
CARTAGENA, Colombia (ICIS)--The Mexichem/Pemex vinyl chloride monomer (VCM) joint venture plans to raise merchant sales of ethylene from its Pajaritos cracker in Mexico, the chief executive of the venture Petroquimica Mexicana de Vinilo (PMV) said on Sunday.
“Today the cracker is only running at about 70% of its capacity of 190,000 tonnes/year, but we are investing to get to 100% in 12 months,” said Rafael Davalos Sandoval, CEO of PMV.
Davalos spoke to ICIS at the 33rd annual Latin American Petrochemical Association (APLA) meeting in Cartagena, Colombia.
PMV, which is a 56:44 joint venture between Mexichem and Mexico state-owned energy firm Pemex, is in the process of modernising the ethane cracker, and expanding the VCM facilities.
However, the cracker optimisation will be complete in 12 months, well ahead of the VCM expansion in September 2015.
“Today we are selling ethylene to the market. We sold about 6,000 tonnes in the past two months. In 2014, we want to sell 20,000 tonnes,” said Davalos.
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