Ethylene supply agreement inked between Petroquímica União and Oxiteno

08-Aug-08
As per a statement by the Oxiteno's holding group - Ultrapar, a contract has been inked between the Brazilian petrochem producer, Petroquímica União (PQU) and specialty chemical firm, Oxiteno in which PQU will supply ethylene to Oxiteno. Post-agreement, Oxiteno's will augment its ethylene oxide capacity (currently 50,000 tpa) by 30%. PQU, a subsidiary of petrochemicals group Unipar, is consolidating the petrochemical industry in Brazil's southeast along with government energy firm Petrobras. When the transaction is completed, PQU's assets will be part of Quattor, a new company recently formed in partnership by Unipar and Petrobras.
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