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Braskem to switch its PP plants to feedstock from shale

May 14/2012

(Reuters) -- As the cost of crude oil and its derivatives hurts profits, Braskem is looking to switch feedstock at its U.S. polypropylene plants from shale gas.

Chief Executive Carlos Fadigas said that the Brazilian petrochemicals company is currently weighing a decision on whether to build its own plant processing propane from natural gas or form a joint venture with a guarantee to buy the project's output.

The decision should be made this year.
Author:Anna Larionova
Tags:PP, Braskem.
Category:General News
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