MOSCOW (MRC) -- Brazilian polyolefins producer Braskem named the current chairman of the board, Roberto Simoes, as the company's new CEO, replacing Fernando Musa, reported Chemweek.
Musa will remain CEO through 31 December to help Simoes transition to the new role, Braskem said. Simoes's appointment will become effective on 1 January.
Simoes had earlier been CEO of Ocyan from 2014 to 2019. Before that, he was CEO of Odebrecht Defesa e Tecnologia from 2010-2012. He had been executive vice president of Braskem from 2004-2008.
As CEO of Braskem, Simoes will maintain the competitiveness of all of the company's operations, the company said. He will also increase the company's feedstock flexibility and geographic diversity, steps that are already being pursued by the company.
Musa had headed Braskem's US operations before becoming the company's CEO back in 2016.
As MRC informed before, Braskem is no longer pursuing a petrochemical project, which would have included an ethane cracker, in West Virginia. And the company is seeking to sell the land that would have housed the cracker. The project, announced in 2013, had been on Braskem's back burner for several years.
According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 1,589,580 tonnes in the first nine months of 2019, up by 7% year on year. Shipments of all PE grades increased. The estimated PP consumption in the Russian market was 976,790 tonnes in January-September 2019, up by 4% year on year. Shipments of PP block copolymer and homopolymer PP increased.
Braskem S.A. produces petrochemicals and generates electricity. The Company produces ethylene, propylene, benzene, toluene, xylenes, butadiene, butene, isoprene, dicyclopentediene, MTBE, caprolactam, ammonium sulfate, cyclohexene, polyethylene theraphtalat, polyethylene, and polyvinyl chloride (PVC).
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