Brazil's Ipiranga Petroquimica S.A., one of leading producers of polyolefins in Latin America is to receive finance upto US$150 million from International Finance Corporation(IFC). IFC is the private sector arm of the World Bank Group. The 9 year financing will support Ipiranga's corporate initiatives, including process improvements and debottlenecking of operations. IFC has been involved with Ipiranga since our startup in 1980.
IFC has played a significant role in developing Brazil's petrochemical industry, starting from financing of the country's first petrochemical project in the early 1970s. The sector is now in a second phase of consolidation aimed at enhancing its global competitiveness.
02-Sep-05 
{{comment.DateTimeStampDisplay}}
{{comment.Comments}}