Latin America’s largest petrochemical complex, Braskem-Grupo Idesa JV operates at 50% after 45 days

23-Jun-16

45 days since the start of operations of Latin America’s largest petrochemical complex - a joint venture of Brazil’s Braskem and Mexico’s Grupo Idesa, the facility is operating at 50% capacity, as per www.laht.com.
The complex, built at a total investment cost of US$5.2 bln, will be inaugurated Thursday afternoon by Mexican Energy Secretary Pedro Joaquin Coldwell and the CEO of Mexican state-owned oil giant Petroleos Mexicanos, Jose Antonio Gonzalez Anaya.
Pemex-Gas has a contract with the Ethylene XXI complex for the delivery of 66,000 bpd of ethane for 20 years. Located in the Gulf coast municipality of Nanchital, Veracruz state, the 200-hectare (490-acre) complex will produce roughly 750,000 tons of high-density polyethylene and 300,000 tons of low-density polyethylene per year – using ethane as feedstock – once at full capacity.