21 March 2014 13:47 [Source: ICB]
The proposed joint venture (JV) between Braskem and Germany’s Styrolution for a 100,000 tonnes/year specialty styrenics plant has been approved by Brazil’s Administrative Council for Economic Defence (CADE) without restrictions.
ABS and SAN polymers are widely used in TV sets
Polymers from the plant are intended for domestic appliance, computer and automotive applications. “The new company would seek to capitalise on the favourable market dynamics to create a domestic and regional producer offering customers more localised service and greater security of supply,” the companies said in October 2013, when the plans were first announced.
Styrolution, a 50:50 joint venture between BASF and INEOS, holds 70% of the joint venture and will provide technology and styrenics know-how, complemented with experience in marketing products in the region.
Braskem will secure raw materials for the plant and provide expertise in regional petrochemical markets.
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