Presidents of Venezuela and Brazil laid the keystone for new petrochemical complex, a 50:50 joint contract between Petroleos de Venezuela (PDVSA) and Brazilian petrochemical giant Braskem. The petrochemical complex will enhance the capacity to convert gas into liquid, liquid into solid, and solid into thousands of products. The contract also involves the construction of petrochemical facilities which consist of ethylene and polypropylene plants in Jose Cryogenic Complex. US$3.4 billion will be investment outlay for the complex project that will exploit the region's fossil fuel resources.
17-Apr-07 
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