Braskem, a Brazilian petrochemical company, intends to set up one metric ton per year, polyethylene plant in Bolivia, by investing US $2 billion to $3 billion. However, the final project and the investment per say, will be determined on the basis of the studies that will be carried out for this installation, said Carlos Brenner, International Projects Director, Braskem.
This plant is likely to be installed in Puerto Suárez, Santa Cruz province. Announcement for this new development was made after discussions with, Carlos Villegas, President of Bolivia's state-owned hydrocarbons company, YPFB, in La Paz. After a firm decision is taken, the project will be implemented within a five-year time period.
According to Brenner, Braskem will utilise ethane derived from natural gas, to produce plastic resin. A part of the investment has to be carried out by Bolivia for the process of separation of ethane from gas to make the project feasible, while Braskem will undertake the remaining procedures, said Brenner.
Fibre2fashion News Desk - India