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Oil & Gas

Braskem looks to build $3 billion petrochemical plant in Peru

November 28, 2011
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SAO PAULO, Brazil — Brazil’s largest petrochemical company Braskem and Peruvian state oil company Petroleos del Peru have announced plans to conduct a feasibility study for a $3 billion petrochemical plant to be built on the coast of Peru, according to a press release.

The plant, which could be up and running by 2017, would help meet growing Asian demand for polyethylene.

The project is part of the $10 billion in energy investments expected by the Peruvian government to take place in the next seven years.
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