Braskem Exits PET Business

Braskem says it will close permanently its polyethylene terephthalate (PET) unit at the Camaçari, Brazil petrochemical complex by the end of 2008, and exit the business because it is no longer viable. The announcement follows Braskem’s decision in May 2007 to suspend temporarily PET production, and permanently stop dimethyl terephthalate (DMT) feedstock production at Camaçari. A study was initiated to assess the possibility of resuming PET production based on a new technological approach that would ensure competitive costs for Brazil’s...

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