Brazil's state oil company Petrobras and ethylene oxide and derivatives maker Oxiteno are near conclusion of a feasibility study on a refining and petrochemical joint venture. The project is estimated to cost US$6.5 billion, and could involve state oil company and local firms.
The project will include a heavy-oil-refining and deep-catalytic-cracking complex that will make 1.3 million tpa of ethylene along with coke, fuels, aromatics, and
propylene. Oxiteno will build downstream ethylene oxide capacity. Suzano Petroquímica would build downstream polymer capacity.
14-Nov-05 
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