VENEZUELA Latin America Streamlines; Firms Forge Stronger Links to Refining
Intensified Latin American M&A activity last year created a more streamlined regional petchem sector with remaining players better able to invest in upgrades and new facilities, experts say (CW, Nov. 14, 2007. p. 19). This year, however, continued... Latin America
Further details on the many mega-crackers planned for Latin America are expected to emerge this year, although it will likely remain unclear which of those projects will go forward, analysts say. State-owned and private companies have announced plans in... KBR Awarded Contract For Pequiven Ammonia Plant
KBR (Houston) says it has been awarded a $57-million contract by MAN Ferrostaal (MFS) to provide basic and detailed engineering... Braskem and Pequiven Form JVs for Petchem Projects in Venezuela
Braskem (São Paulo) and Pequiven (Caracas) say they have formed two 50-50 joint ventures—Prolipropileno del Sur and Polietilenos de America—for a previously announced... South America: A New Lineup Takes the Field
A string of major chemical deals in the past year has established a new lineup of major producers in South America. The deals follow months of rising raw material costs as well as a scarcity of natural gas-based feedstocks in some countries, which have... More Stories » BRAZIL Brazilian PP Plant Goes Online
Braskem and Petroquisa have started production at their joint... BP Takes 50% Stake in Brazilian Biofuels JV
BP says it will acquire a 50% stake in Tropical BioEnergia, a jv between Santelisa Vale Bioenergia (Sertaozinho, Brazil) and Maeda Group (Goiás, Brazil), for approximately Rs100 million ($59.8 million). The jv plans to invest about $1 billion to... Lanxess Completes Synthetic Rubber Deal in Brazil
Lanxess says it has completed the acquisition of Braskem and Unipar’s combined 70% stake in synthetic rubber producer Petroflex (Rio de Janeiro, Brazil) for... Braskem Converts MTBE Line to ETBE
Braskem says it will invest R$100 million ($57.9 million) to convert its methyl tert-butyl ether... Latin America Streamlines; Firms Forge Stronger Links to Refining
Intensified Latin American M&A activity last year created a more streamlined regional petchem sector with remaining players better able to invest in upgrades and new facilities, experts say (CW, Nov. 14, 2007. p. 19). This year, however, continued... More Stories » ARGENTINA Alfa Completes PET Acquisition
Grupo Alfa (Moneterrey, Mexico) says it has completed the previously announced acquisitions of Eastman Chemical’s Cosoleacaque, Mexico and Zarate, Argentina... Assessing Latin America’s Potential
Major M&A deals in Brazil this year will advance the long-sought consolidation of Brazil’s petrochemical industry, and further broaden Petrobras’ and Braskem’s leading roles in the region’s petrochemical industry, according to... Alfa Buys Eastman’s PET Plants in Argentina and Mexico
Grupo Alfa (Monterrey, Mexico) says it has entered into definitive agreements to acquire Eastman Chemical’s 150,000-m.t./year Cosoleacaque, Mexico and 185,000-m.t./year Zárate, Argentina polyethylene terepthalate (PET) production facilities... Alfa Acquires Eastman PET Plants in Latin America
Grupo Alfa says it has agreed to acquire Eastman Chemical’s polyethylene terephthalate (PET) plants at Cosoleacaque, Mexico and Zarate, Argentina. Terms were not disclosed. The Cosoleacaque plant has capacity of 150,000 m.t./year; Zarate’s... Lanxess Hit by Strike in Argentina
Lanxess says a regional strike in Argentina has caused it to declare force majeure on supply obligations to its customers in the leather industry, mostly in Latin America. The strike by the regional petrochemical and chemicals trade union affects Lanxess’... More Stories »
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