• Categories
  • Archives

Brazil to Invest US$ 8.5 Billion in Petrochemicals for Plastic

Brazilian investments in the project of the Rio de Janeiro Petrochemical Complex (Comperj), in southeastern Brazil, may jump from the US$ 6.5 billion, announced in June by the state-controlled oil company Petrobras, to about US$ 8.5 billion.

This should happen because some 200 transformation industries of third generation are being aggregated to the refinery, responsible for the production of petrochemicals for the plastic utensils industry.

The information was supplied by José Lima de Andrade Neto, president of Petroquisa, a Petrobras subsidiary for the petrochemical sector.

The project for the complex is the result of a partnership between Petrobras, the Brazilian Development Bank (BNDES) and the Ultra group. In the initial investment a central petrochemical plant and the second generation units are foreseen, which will be built in the same area.

The president of Petroquisa admitted that the undertaking may have other partners.

"There are obviously groups interested in participating and we are studying this possibility. There are groups that may participate both in specific areas and in the whole project. There is a term of trust in the negotiations and I cannot give greater details yet."

The complex will have the capacity of processing 150,000 barrels per day of heavy oil coming from the Campos Basin and produce petrochemical raw material and other products.

In it, Petrobras and its partners will implement the Basic Petrochemical Unit, a first generation petrochemical center, with total investment estimated at US$ 3.5 billion, destined to production, amongst other things, of ethylene, propylene, benzene and parylene.

By using heavy oil as an input to generate petrochemical products, substituting naphtha which is still, in great part, imported, the estimate is that the country should save more than US$ 2 billion per year.

Tags:

  • Show Comments (0)

Your email address will not be published.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

Amazon during the rainy season

Brazil/US Study Shows the Amazon Emits 1/4 of Planet’s Methane

A study by Brazilian and American scientists just published in the Geophysical Research Letters ...

Is the US Navy After Brazil’s Oil? Some Brazilians Think So

In a region where there are virtually no terrorist groups seeking to attack the ...

Businessmen Excited About Brazí­l’s Arab Summit

Commercial opportunities seem to be one of the main attractions for delegations arriving in ...

Silencing Women with a Shot in Brazil

Virtually nothing is known about females who are murdered at the hand of Brazil’s ...

Brazil Wants to Be an Agent Between First World and Africa

Brazil’s Minister of Environment, Marina Silva, said, January 27, that she wants to intensify ...

Zelaya Headache: Brazil to Lose Its Embassy in Honduras by the End of January

Brazil is considering extending political asylum to Honduran ousted president Manuel Zelaya who remains ...

The São Paulo Election’s Winner Is a Minas Politician Who Wants to Be Brazil’s President

The leading Brazilian politician José Serra celebrated his 70th birthday on 19 March 2012. ...

While Foreign Investment Decreases Worldwide Brazil Grows Its Share by 20%

Brazil, swimming upstream against the global trend, saw its inflow of foreign direct investment ...

Mouth- watering Bit

OTHER BRAZILIAN FOODS By Habeeb Salloum The first time I entered a restaurant in ...

New Brazilian Coconut Water Has US Debut in California

Tropical Beverage, a producer and distributor of water-based products, announced that it will soon ...