Pemex Signs Raw Material Supply Deal

Mexico's state oil company Pemex has signed an agreement with a consortium led by Brazil's Braskem to supply raw materials for a proposed petrochemicals plant in Mexico.

According to the agreement, Pemex will supply 66,000bpd of ethane to the proposed Ethylene 21 project to be built in Coatzacoalcos, Veracruz.

The project includes building a 1 million t/y ethylene cracker on the coast of the Gulf of Mexico, and the construction and operation polymerisation of integrated units for the production of polyethylene.

Braskem has partnered with privately held Mexican petrochemicals firm Grupo IDESA to build the proposed cracker.

The project is expected to start operations by 2015, Pemex said.

Source: Net Resources International

More reports available on the product:

ETHANE (CAS 74-84-0) Market Research Report 2009

Ethylene Market Research (China)

Trends and Prospects in International Trade in Ethylene

Ethylene: 2009 World Market Outlook And Forecast

Ethylene Market Outlook 2009