Manufacturing Industry
Phoenix Project hits a snag.(plastic plant construction plans in Mexico)
Plastics News, July, 2005 by Lea, Jason
Byline: Jason Lea The status of Mexico's Phoenix Project is in limbo, as a top government official said last week it was canceled, but that statement was recanted the next day. Mexico's plastic industry and government officials have been planning Phoenix for years, touting it as a way to decrease processors' dependence on imported resin.
The most recent plan calls for a joint venture including state oil monopoly Petroleos Mexicanos (Pemex), Indelpro SA de CV, Grupo Idesa SA de CV, and Pittsburgh-based Nova Chemicals Corp. The project's initial construction would include an ethylene cracker and a pair of polyethylene plants in an undecided location in Mexico by 2009. On July 11, Rafael Beverido, head of Pemex's petrochemicals unit, was quoted in the media...
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