Ethylene XXI Receives Funding, Environmental Approvals

On the Move: Paving the way for the first world-scale project in Mexico in more than 20 years. Braskem (São Paulo) and Grupo Idesa (Mexico City) say they have received final approval for $300 million in financing from the International Finance Corp. (IFC; Washington) that will help fund the Ethylene XXI project, a 1.05-million m.t./year ethylene complex slated for startup in mid-2015 at Coatzacoalcos, Mexico. Financing approvals have been one of the last major hurdles for Ethylene XXI and pave the way for construction work to begin on the biggest...

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