IHS Chemical Week

Archives :: Regions :: South America :: Venezuela

Displaying 41 - 60 of 63 stories.
January 5, 2010
Technip has been awarded a reimbursable contract by Polimerica (Caracas) to perform front end engineering design (FEED) for a previously announced ethylene plant at Jose, Venezuela...
June 26, 2009
Venezuela’s National Assembly has finalized a law that will require petrochemical firms to sign joint ventures with state petchem firm Pequiven, which would take at least a 50%...
June 17, 2009
Venezuela’s National Assembly has proposed a law to assume greater control of the petrochemical sector, a move that was widely expected to pass into law by CW presstime. The...
June 5, 2009
Venezuela’s National Assembly has advanced a law to nationalize petrochemical plants, and will allow foreign investment in petrochemicals only if Pequiven has a majority stake in...
May 26, 2009
Venezuela’s state petrochemical company Pequiven (Caracas) and Brazilian petrochemical firm Braskem (São Paulo) are considering the possibility of cooperating on...
April 10, 2009
Venezuelan president Hugo Chávez and the government of Japan have signed 12 agreements to explore energy, infrastructure, and petrochemical projects in Venezuela. Chávez...
April 7, 2009
Venezuelan president Hugo Chavez and the government of Japan have signed 12 bilateral agreements to study the feasibility of Japanese firms investing in energy, infrastructure and...
February 27, 2009
Technip has been awarded a letter of intent to supply technology and engineering services for an ethylene plant that will form part of a previously announced petrochemical complex at...
September 7, 2008
Gail India (New Delhi) plans to set up a ‘mega’ petrochemical plant in Colombia, and Reliance Industries could be a partner in the project, say reports. The project is in...
July 21, 2008
Pequiven and Braskem (São Paulo) say they will decide within two months which technology they will select for a previously announced 1.3-million m.t./year ethylene plant at...
April 1, 2008
Intensified Latin American M&A activity last year created a more streamlined regional petchem sector with remaining players better able to invest in upgrades and new facilities...
January 14, 2008
Further details on the many mega-crackers planned for Latin America are expected to emerge this year, although it will likely remain unclear which of those projects will go forward...
December 14, 2007
KBR (Houston) says it has been awarded a $57-million contract by MAN Ferrostaal (MFS) to provide basic and detailed engineering services for a 1,800 m.t./year ammonia plant for...
December 14, 2007
Braskem (São Paulo) and Pequiven (Caracas) say they have formed two 50-50 joint ventures—Prolipropileno del Sur and Polietilenos de America—for a previously...
November 12, 2007

A string of major chemical deals in the past year has established a new lineup of major producers in South America. The deals follow months of rising raw material costs as well as a scarcity of natural gas-based feedstocks in some countries, which have increased chemical imports. Overall business in South America is booming, analysts and executives say. Automobile factories in Brazil, Mexico, and Venezuela are running at record capacity, and chemical suppliers are keeping pace with planned expansions to serve that sector, executives say.


November 9, 2007
Argentina’s natural gas shortage has curtailed many chemical companies’ operations in the region, but Methanex’s Chilean methanol units are among the hardest hit...
November 7, 2007
Pequiven (Caracas) says it has developed a five-year growth plan designed to make it one of the world’s 10-largest chemical producers by 2013. The government-owned chemical maker...
September 21, 2007
Arch Chemicals says it has sold its performance urethanes and organics subsidiary Arch Quimica Andina (Santa Rita, Venezuela) to Oxiteno (São Paulo), a subsidiary of Grupo Ultra...
August 1, 2007
Toyo Engineering says it has won a major lump-sum, turn-key contract from Pequiven to build a large fertilizer complex at Moron, Venezuela. Toyo is part of a consortium of contractors...
July 31, 2007
Pequiven (Caracas) and Braskem (Sao Paulo), 50-50 partners in a planned petrochemical complex at José, Venezuela, say they have selected Basell’s Spheripol polypropylene...
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