OxyChem, Mexichem Ink VCM Deal

Mexichem (Pajaritos, Mexico) says it has signed a multibillion-dollar vinyl chloride monomer (VCM) deal with OxyChem. Under the deal, Mexichem will supply its excess chlorine to OxyChem for production of polyvinyl chloride resins, which will be supplied back to Mexichem. OxyChem will supply “a very important amount” of Mexichem’s VCM requirements for the next five years and “eventually” provide technical assistance to help the Mexican state-owned oil firm Pemex (Mexico City) “reach and maintain in a sustainable manner”...

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