BNDES Approves $700 Million for Mexico’s Ethylene XXI

Expanding Triunfo: Braskem’s 200,000 m.t./year ‘green’ PE unit at Triunfo came online in 2010. Braskem Idesa says it has received $700 million in financing from BNDES (Rio de Janeiro), Brazil’s economic development bank. The line of credit will help finance Ethylene XXI, a 1 million m.t./year facility the jv is building at Coatzacoalcos, Mexico. The $700 million financing approval follows more than $600 million approved last month by the lnternational Finance Corporation (IFC; Washington) and the Italian credit bureau Sace (Milan). The...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers