Petrobras Details Petchem Investment Plan

Brazilian oil company Petrobras’s $112-billion investment plan for 2008-12 includes $4.3 billion, or about 4%, for petrochemicals, says Paulo Turazzi de Carvalho, manager/petrochemical project implementation at Petrobras. Turazzi de Carvalho outlined the plan at the Latin American Petrochemical Association (Apla; Buenos Aires) meeting, held last week in Buenos Aires, Argentina. The $4.3-billion investment includes a $312-million polypropylene plant scheduled to come onstream in second-quarter 2008 at Paulinia, near São Paulo. Another project is a...

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