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Markets :: Plastics :: PET

Pequiven to invest $4 billion to develop new plastics capacity

9:17 AM MDT | September 16, 2013 | Francinia Protti-Alvarez

State-owned Petroquímica de Venezuela (Pequiven; Caracas) will invest $4 billion to build new polymer plants in western Venezuela. Pequiven estimates that it will increase installed plastics capacity to 2.02 million m.t./year, from current levels of 694,000 m.t./year.  One of the projects includes the construction of Olefins III at the Ana Maria Campos petrochemical complex in Zulia State, Venezuela.The investment will consist of an 800,000-m.t./year steam cracker as well as two polyethylene (PE) units one for high-density and the other...

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