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Business

Braskem Is Moving On Venezuelan Plants

December 24, 2007 | A version of this story appeared in Volume 85, Issue 52

A view from Siegfried's Zofingen plant.
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Credit: Siegfried
Credit: Siegfried

Braskem, Brazil's largest private chemical maker, and Venezuelan state chemical company Pequiven have hammered out agreements for a pair of projects in Venezuela. One involves a 450,000-metric-ton-per-year polypropylene plant that will be fed with propylene made via propane dehydrogenation. The complex is expected to open in 2010 and cost about $900 million. Another project envisions a 1.3 million-metric-ton ethane-based ethylene cracker and companion polyethylene plant. The complex is expected to cost about $2.6 billion and be complete in 2012.

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