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Braskem is considering investment in an ethylene cracker and PE plant in the US

April 20/2011

(ICIS) -- Brazil-based petrochemical and polymers company Braskem is considering a greenfield investment in an ethylene cracker and a polyethylene (PE) plant in the US, its CEO said on Tuesday. In PE as well as PVC [polyvinyl chloride], we see opportunities for greenfield investment in the US, especially with the shale gas feedstock, said CEO Carlos Fadigas at a media event at the New York Stock Exchange.

Braskem produces PE in Brazil, but has no capacity for the resin in the US. The company is a major player in US polypropylene (PP) after it bought Sunocos PP assets in 2010.

While Braskem is considering a major project in the US, Fadigas noted that all petrochemical companies are contemplating greenfield PE capacity in the US.

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