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World News and Views :: Projects
Ultrapar to invest 244 million reais in Oxiteno ethoxylate expansions this year
9:14 AM MST | January 7, 2014 | Francinia Protti-Alvarez
Ultrapar (São Paulo) will invest about 1.5 billion reais ($629.8 million) during 2014, according to the company's investment plan, published on 6 January. The company has allocated R$244 million for its chemicals subsidiary Oxiteno. Oxiteno is scheduled to invest R$161 million in capacity expansions, mainly for a potential increase in ethoxylates capacity at Pasadena, TX, and to complete an ethoxylates capacity expansion at Coatzacoalcos, Ultrapar says. According to IHS Chemical data, ethoxylates capacity at Oxiteno's Coatzacoalcos site will...
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