Investments in green plastics projected to rise to US$1.3 bln in Brazil

08-May-08
Investments by Solvay, Dow, Petrobras and Braskem to produce resins in Brazil with renewable feedstock are being forecast to rise to US$1.3 bln. The states of Bahia and Rio Grande await investments in the form of a Braskem project, to manufacture polyethylene using sugar cane ethane. Dow, in partnership with Crystalsev, also plans to produce polyethylene, from alcohol. Solvay intends to use ethane to make PVC, and Nova Petroquimica, a Petrobras company, has a project to produce polypropylene from the glycerine byproducts of biodiesel production.
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