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(Bloomberg) -- Braskem SA and
Petroleos del Peru SA said they will seek to build a $3 billion petrochemical
plant on the Peruvian coast.
The plant, which may start producing 1 million metric tons a year of
polyethylene by 2017, would be the only petrochemical plant on Latin America’s
Pacific Coast, Braskem vice president Luis de Mendonca said today at the signing
of a letter of intent in Lima.
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Perspectives of development of the polymers markets, pricing issues and
other important aspects will be discussed at The Polymers
Summit-2011, which will be held in Moscow on November 30, 2011 at the
Ritz Carlton Hotel. The Summit is organized by MRC with the support of ICIS.
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The main idea of the Summit is to find a "the golden mean"
between producers and converters. When producers receive exactly such margin of
production, which helps them to invest in production expansion in order to
substitute polymers imports, and the converters receive such price of feedstock
that helps them to compete imported finished products. The Summit site gives an
access to the live video of the Summit, speakers" presentations, as well as
opportunities to ask questions or make appointments to any Summit partcipant.
mrcplast.com
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