Home / Knowledge / News / Textiles / Braskem to set up polyethylene plant in Bolivia

Braskem to set up polyethylene plant in Bolivia

12
Apr '10
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


Must ReadView All

Pic: Shutterstock

Textiles | On 10th Apr 2020

Govt exempts PPE, face mask import from customs duty

Considering the immediate requirement of personal protection...

Pic: Shutterstock

Textiles | On 10th Apr 2020

Opportunity for India post-Covid-19: Wazir Advisors

Post-coronavirus, some brands will follow the strategy of...

Pic: Shutterstock

Textiles | On 10th Apr 2020

Mainland China economy contracted in March: IHS Markit

Business activity in China fell for a second successive month in...

Interviews View All

Amrit Sethia, SOIE

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Karel Williams, Dow Microbial Control

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Jim Desai, Blaiva Fabricaa

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Kuldeep Pareek,

Kuldeep Pareek

Italian company Schoch Reeds has been producing high-quality weaving reeds ...

Harmeet Singh,

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Jash Choraria,

Jash Choraria

Established in 2015 by <b>Jash Choraria</b>, Unifynd is a Mumbai-based...

Ayyappa Nagubandi, Broadcast Wearables Pvt Ltd

Ayyappa Nagubandi
Broadcast Wearables Pvt Ltd

Hyderabad-based Broadcast Wearables has come up with the country's first...

Pierre Wiertz, EDANA

Pierre Wiertz
EDANA

Pierre Wiertz talks about the vast world of sustainable nonwovens and...

Mr Hartmann Huth, Trevira GmbH

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Aneeth Arora, Péro

Aneeth Arora
Péro

The Woolmark Company has partnered with handmade fashion label Péro and...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search