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Chemical Week Magazine :: Business & Finance :: United States/Americas
Pemex okays Mexichem VCM jv
5:41 AM MST | January 25, 2013
Mexichem (Mexico City) says the board of the state oil company PetrÃ³leos Mexicanos (Pemex) has a approved a joint venture that will double vinyl chloride monomer (VCM) capacity at Pajaritos, Mexico, according to a notice sent to Mexicoâ€™s stock market. Mexichem said last November that it was pulling out of the $556-million VCM manufacturing jv with Pemex because of a delay by Pemexâ€™s board in providing the necessary approvals. The jv with Pemex is intended to reduce Mexichemâ€™s dependence on third-party suppliers of VCM and provide Pemexâ€™s petrochemical...
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