Brazil's Braskem and Venezuela's Pequiven (a division of Venezuela's state-run oil firm PDVSA), have signed a memorandum of understanding for the construction of a petrochemicals complex in Venezuela. A preliminary understanding between the partners indicate a 50-50 split. Total investment towards the complex is estimated at US$1.5 bln- US$2 bln. A 1.2 million tpa ethylene unit is to form the core of the facility along with a 1 million tpa of polyethylene unit.
18-Apr-06 
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