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Released January 13, 2017 | SUGAR LAND
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Researched by Industrial Info Resources (Cordoba, Argentina)--The start-up of the massive Ethylene XXI complex in Mexico was one of the more significant events last year for the Latin America Petrochemicals Industry.
Braskem Idesa, a joint venture by Brazil's Braskem and Mexico's Idesa, began operations in the second quarter of last year at the complex, which is located in Nanchital, Veracruz.
The facility features a 2.2 billion-pound-per-year ethylene unit, as well as a 300,000-metric-ton-per-year, low density polyethylene (LDPE) unit and two 250,000-metric-ton-per-year, high density polyethylene (HDPE) units. Major turnarounds at the complex are scheduled to take place every five to six years.
Braskem Idesa inaugurated the complex in June last year, with Braskem marking the event as a milestone in growth and diversification for the company.
"Production in Mexico raises Braskem to a new level. With 40 plants in Brazil, the United States, Germany and now Mexico, we have broadened the reach of our operations, thereby creating synergies and complementarities, developing products and markets and serving our clients," said Braskem Chief Executive Officer Fernando Musa said in a press statement last year. With the additional production from Mexico, Braskem says it now has production capacity of 8.7 million tons of thermoplastic resins, including polyethylene, polypropylene and polyvinyl chloride.
On the downside, Mexico's Pemex Petroquimica was forced last year to delay most of the planned investments at its petrochemical sites due to poor economics.
Pemex Petroquimica's difficulties are closely tied to the many problems that have stemmed from a deadly explosion last April at its complex in Coatzacoalcos, which forced the 662 million-pound-per-year Ethylene 2 unit to go offline. The unit may resume operations this February.
Elsewhere in Latin America last year, Argentina's Pampa Energia SA bought a majority stake in Petrobras Argentina SA, and now owns and operates the San Lorenzo Petrochemical Complex, in Santa Fe Province.
Several major petrochemical turnarounds are planned for 2017 across Latin America. They range from a 40-day maintenance turnaround this March at Braskem's 450 million-pound-per-year Green Ethylene unit, located at the Triunfo, Rio Grande do Sul plant in Brazil, to Pequiven's 45-day planned maintenance turnaround at its 851 million-pound-per-year ethylene unit, located at the Maracaibo, Zulia, plant in Venezuela.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
Braskem Idesa, a joint venture by Brazil's Braskem and Mexico's Idesa, began operations in the second quarter of last year at the complex, which is located in Nanchital, Veracruz.
The facility features a 2.2 billion-pound-per-year ethylene unit, as well as a 300,000-metric-ton-per-year, low density polyethylene (LDPE) unit and two 250,000-metric-ton-per-year, high density polyethylene (HDPE) units. Major turnarounds at the complex are scheduled to take place every five to six years.
Braskem Idesa inaugurated the complex in June last year, with Braskem marking the event as a milestone in growth and diversification for the company.
"Production in Mexico raises Braskem to a new level. With 40 plants in Brazil, the United States, Germany and now Mexico, we have broadened the reach of our operations, thereby creating synergies and complementarities, developing products and markets and serving our clients," said Braskem Chief Executive Officer Fernando Musa said in a press statement last year. With the additional production from Mexico, Braskem says it now has production capacity of 8.7 million tons of thermoplastic resins, including polyethylene, polypropylene and polyvinyl chloride.
On the downside, Mexico's Pemex Petroquimica was forced last year to delay most of the planned investments at its petrochemical sites due to poor economics.
Pemex Petroquimica's difficulties are closely tied to the many problems that have stemmed from a deadly explosion last April at its complex in Coatzacoalcos, which forced the 662 million-pound-per-year Ethylene 2 unit to go offline. The unit may resume operations this February.
Elsewhere in Latin America last year, Argentina's Pampa Energia SA bought a majority stake in Petrobras Argentina SA, and now owns and operates the San Lorenzo Petrochemical Complex, in Santa Fe Province.
Several major petrochemical turnarounds are planned for 2017 across Latin America. They range from a 40-day maintenance turnaround this March at Braskem's 450 million-pound-per-year Green Ethylene unit, located at the Triunfo, Rio Grande do Sul plant in Brazil, to Pequiven's 45-day planned maintenance turnaround at its 851 million-pound-per-year ethylene unit, located at the Maracaibo, Zulia, plant in Venezuela.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
