SOURCE: Industrial Info Resources

May 01, 2008 06:30 ET

Braskem Launches New Petrochemical Plant in Brazil, an Industrial Info News Alert

CORDOBA, ARGENTINA--(Marketwire - May 1, 2008) - Researched by Industrial Info Resources (Sugar Land, Texas) -- On April 25, 2008, Braskem (NYSE:BAK) launched a new polypropylene petrochemical plant in Paulinia in Sao Paulo, Brazil. With the $411 million petrochemical plant, which has a 350,000-ton-per-day processing capacity, Braskem is now considered the third-largest resin producer in the Americas. Last November, Braskem and Petrobras (NYSE:PBR) (Rio de Janeiro, Brazil) formed a partnership in which Braskem holds 100% of the petrochemical plant and Petrobras holds a 25% stake in Braskem's assets.

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