IHS Chemical Week

People & Business :: Energy and Feedstocks

Ethylene XXI Financing Slated for Completion by End of April

12:19 PM MST | February 22, 2012 | Kara Sissell

Negotiations for a financing package for the Ethylene XXI complex planned by Braskem (São Paulo) and  Grupo Idesa (Mexico City) for Coatzacoalcos, Mexico are “going well” with final formal closing expected by the end of April, says Cleantho Leite Filho, director/business development for the Braskem Idesa joint venture.  “Negotiations are going well but have not been finalized. This is a large consortium of banks and each one has to go through their committees and boards for approvals,” Leite says. “We are negotiating...

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