Brazil Chemical Industry to Invest US$ 26 Billion in 2010

    Comperj mockup

    Comperj mockup Brazil’s chemical sector investment this year may reach US$ 26 billion. The figures are included in a study by the Brazilian Chemical Industry Association (Abiquim) with some 800 companies in the sector, disclosed January 7.

    According to the organization, projects already approved and that are in progress represent US$ 10.9 billion of the total, US$ 11.9 billion represents projects that are under study and US$ 3.3 billion represent expenses with maintenance, improvement of processes, safety and environment.

    Abiquim forecasts the generation of 5,800 direct jobs with investment in the period.

    According to the association, Rio de Janeiro is the state to receive the largest volume of funds in the sector (US$ 9.17 billion), whereas a large part should be turned to the construction of a Petrobras Petrochemical Complex in Rio de Janeiro (Comperj). Construction of the hub began in 2008 with initial investment estimated at US$ 8.4 billion.

    Then comes Minas Gerais (US$ 3.53 billion), São Paulo (US$ 3.14 billion), Bahia (US$ 1.54 billion) and Pernambuco (US$ 1.23 billion). Another US$ 3.51 billion should be turned to enterprises in sites not yet defined.

    Abiquim also pointed out that, with the Chemical Industry National Pact, launched by the sector last month, investment may reach US$ 132 billion by 2020.

    The plan includes a series of measures to be taken by public sector organizations and private initiative with the objective of placing Brazil among the five main chemical producers in the period, making the sector trade balance generate a surplus – from January to November 2009, for example, it ran a deficit of US$ 14.4 billion – and making the country into a leader in “green chemistry”.

    If this takes place, Abiquim expects the generation of 2.3 million work posts.

    Anba

    Tags:

    • Show Comments (1)

    • Dj shah

      Update News
      This an interesting approach. It is common to take care of SEO from the individuality of ones’ blog or web while leaving the incredible opportunity social media offers aside. This post clears up the way to better understand the way both activities interact and the steps to be taken to get the best results in your way to success.

    Your email address will not be published. Required fields are marked *

    comment *

    • name *

    • email *

    • website *

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    Ads

    You May Also Like

    Brazilian Belita Koiller Gets UNESCO Prize for Science

    Brazilian physicist, Belita Koiller, received, in Paris, France, one of the five prizes awarded ...

    Brazilian Foreign Minister, Celso Amorim

    Brazil and US Waiting for the Other to Blink First on WTO Talks

    Brazil signaled this week it would take a tough stance in talks to save ...

    Brazil: 19 Years Later 3 Men Accused of Murdering Missionary Stand Trial

    Nineteen years after the murder of Vicente Cañas Costa, a Jesuit missionary who lived ...

    Lula’s Popularity Falls to 57%. And 47% of Brazilians Condemn His Politics.

    Compared with December, 2004, there was an increase in the percentage of Brazilians interviewed ...

    Biological Diversity Convention Makes Brazil an Ecological World Leader

    Monday, March 20, in a press conference, the executive secretary of the Convention on ...

    Almost US$ 15 Million Fine for Oil Spill in Brazil

    The Oceanus Maritime Agency, responsible for the Bahamian-flag ship, the Saga Mascot, which spilled ...

    Textile Production Falls in Brazil. Chinese Are Blamed.

    Between January and April of this year, the São Paulo, Brazil, textile industry produced ...

    Castro-Chavez Anti US Rhetoric Makes Argentina and Brazil Uneasy

    President Kirchner left the Cordoba Mercosur summit early Friday night in what was rumored ...

    Brazil's real has been strong vis à vis the dollar

    Key Interest Rate Cut in Brazil Leads to Higher GDP Forecast

    Brazil's Central Bank on Wednesday, June 6,  shaved 50 points of the Selic reference ...