Braskem Idesa inaugurates new petrochemical complex in Mexico

Braskem Idesa inaugurates new petrochemical complex in Mexico

6:57 AM, 23rd June 2016
Braskem Idesa inaugurates new petrochemical complex in Mexico

NANCHITAL, MEXICO: Braskem Idesa SAPI has inaugurated its new petrochemical complex located in the town of Nanchital, Veracruz (Mexico), with a total investment of 5,200 million dollars.

This complex is composed of an ethylene cracker based on ethane gas, two levels of high density polyethylene with a capacity of 750 thousand tonnes per year, low density polyethylene with 300 thousand tonnes per year and a cogeneration power plant electric 175kW; that will produce 1 million and 50 thousand tonnes of polyethylene per year with the latest technology.

The event was attended by the Pedro Joaquin Coldwell, secretary of energy; Flavin Rios Alvarado, secretary of government and Jose Antonio Gonzalez Anaya, the director of Pemex Company among other officials of federal, state and municipal government.

Braskem Idesa was represented by its director general Roberto Bischoff and representatives of its shareholders, Braskem Idesa of Mexico and Brazil.

Braskem Idesa is a company formed by the association of Braskem and Grupo Idesa in 2010.

With this complex, Braskem Idesa has a positive impact on the balance of foreign exchange totalling up to 2,000 million dollars per year; this represents roughly 10 percent reduction in the deficit of the national chemical sector. Also, this project provides opportunities for social and economic development, since from the beginning of its construction in 2010, were created more than 26,000 temporary jobs and the start of the operational phase, this semester, approximately 3,000 permanent positions, where Mexican south-east region are the main beneficiaries.

This complex contributes to the revival of the National Petrochemical and may be anchor Transoceanic Corridor, an initiative recently announced by President Enrique Pena Nieto as part of SEZ - Special Economic Zones.

"This complex positions Braskem Idesa as a leader in the field of polyethylenes in the country and is an example of the constant search for carrying out innovative projects Braskem Group, which led us to make private investment industrial petrochemical more largest in recent decades has been made in Mexico in partnership with Grupo Idesa pioneer in our industry,” said Fernando Musa, business leader of Braskem.

“The decision to enter the market of polyethylene in partnership with Braskem, creating the leading producer, Braskem Idesa, it has been instrumental in the continued growth and diversification of our petrochemical business," said Patricio Gutierrez, director of Grupo Delgado Idesa.

"This opening becomes a cause for celebration when seeing materialised effort after six years of hard work, plus feel honoured to put up the name of Mexico contributing to petrochemical development in the country,” said Roberto Bischoff, CEO of Braskem Idesa.

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