Braskem Launches New Petrochemical Plant in Brazil, an Industrial Info News Alert
Market Wire, May, 2008
Researched by Industrial Info Resources (Sugar Land, Texas) -- On April 25, 2008, Braskem (NYSE:BAK) launched a new polypropylene petrochemical plant in Paulinia in Sao Paulo, Brazil. With the $411 million petrochemical plant, which has a 350,000-ton-per-day processing capacity, Braskem is now considered the third-largest resin producer in the Americas. Last November, Braskem and Petrobras (NYSE:PBR) (Rio de Janeiro, Brazil) formed a partnership in which Braskem holds 100% of the petrochemical plant and Petrobras holds a 25% stake in Braskem's assets.
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Industrial Info Resources (IIR) is a marketing information service specializing in industrial process, energy and financial related markets with products and services ranging from industry news, analytics, forecasting, plant and project databases, as well as multimedia services. For more information send inquiries to chemicalsgroup@industrialinfo.com or visit us online at www.industrialinfo.com .
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