PetroquimicaSuape is a 50:50 joint venture between Petroquisa and Companhia Integrada Textil do Nordeste (Citene - a subsidiary of textile businesses Vicunha and Filament Tecnology). PetroquimicaSuape will manufacture PTA, currently sourced by the Brazilian textile industry from Asia. The complex, along with the refinery, will receive expected investments of US$ 5 billion. PetroquimicaSuape PTA plant will be located adjacent to the refinery. Work on Citepe polymer and polyester filament plant is scheduled to commence in June.
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