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Business
Pequiven buys Colombian firm
May 1, 2006
| A version of this story appeared in
Volume 84, Issue 18
Pequiven, the chemicals arm of Venezuelan state oil company PDVSA, has purchased a controlling interest in the caprolactam and fertilizers maker Monómeros Colombo Venezolanos from the Colombian firms Ecopetrol and Instituto de Fomento Industrial. PDVSA paid a total of $52.8 million. Monómeros runs a 30,000-metric-ton-per-year caprolactam plant in Barranquilla, Colombia. Pequiven and Brazil's Braskem recently announced plans to build an ethylene complex in Jose, Venezuela (C&EN, April 24, page 11).
The power is now in your (nitrile gloved) hands
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