Petrobras to supply Comperj with cheap ethane

27-Sep-13

Brazil's state-run oil company Petrobras will supply ethane to petrochemical company Braskem at its proposed Comperj site in Rio de Janeiro at a price that is linked to the Mont Belvieu benchmark in the US, as per bnamericas.com. Braskem may stall the project if Petrobras does not supply it with competitively priced feedstock. The first refining train at Comperj is expected to start operating in 2016, but Braskem has still not decided on what petrochemical plants to construct at the site. Braskem would like a decision on the gas price for Comperj and on tax incentives for the project to be made by the end of the year. The company plans to make a final investment decision on its participation in Comperj in 2014.