Manufacturing Industry
Pemex to choose partner for Phoenix.(News)(Pemex Petroquimica)(Brief Article)
Plastics News, October, 2004 by Esposito, Frank
Byline: Frank Esposito Pemex Petroquimica SA will select a partner for its much-heralded Phoenix Project by the end of the year. The state-owned Mexican petrochemicals maker has received seven formal offers - four from Mexican businesses and three from international firms, according to Abraham Klip, Pemex vice president of planning.
"We believe this could be the last opportunity to develop the petrochemical industry in Mexico,'' Klip said at Flexpo 2004, an industry conference held Sept. 15-17 in Galveston. The ambitious project would include a $1.9 billion natural gasoline cracker capable of producing 2.5 billion pounds of polyethylene, polypropylene and related products each year. An $800 million aromatics production site also has been proposed....
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