Pemex to team up with Mexichem to produce 400,000 tpa vinyl chloride

Mexico's Pemex plans to collaborate with chemicals company Mexichem to produce vinyl chloride, as per Reuters. This is a rare case of the state-run oil monopoly company working directly with the private sector. Pemex will invest US$556 mln with Mexichem to produce up to 400,000 tpa of vinyl chloride, a raw material for polyvinyl chloride. The deal awaits approval from the country's competition watchdog - Federal Competition Commission (COFECO).
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