Pemex- Mexico's state oil company, has initiated an international tender to raise finances for second stage expansion at the Morelos petrochemical complex's ethylene plant. In 2008 alone, Pemex expects investment in the project to reach 148 mln pesos (US$13.9 mln).
The works involves installation of two pyrolysis heaters in the plant to increase capacity from the current 600,000 tpa to 875,000 tpa ethylene using gasoline as feedstock, or 900,000 tpa using ethane.
Work is expected to commence by mid-June and estimated to last for almost three years.
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