Braskem & INEOS Technologies enter into a strategic partnership for polyethylene (PE) technologies. Innovene S slurry high density PE technology selected for Etileno XXI project in Mexico.
Braskem and INEOS Technologies announced today at the closing of the APLA Meeting in Rio de Janeiro that they have entered into a strategic partnership for PE technologies. Under this partnership agreement Braskem can acquire licenses for Innovene S slurry and Innovene G gas phase technologies to produce high density PE and linear low density PE in Braskem’s future petrochemical projects. In addition, Braskem and INEOS Technologies will jointly conduct research and development programs for the slurry and gas-phase PE platforms.
The first petrochemical project to benefit from the partnership is the Etileno XXI project in Mexico. This project forms the basis for the newly established Braskem IDESA S.A.P.I joint venture between Braskem and GRUPO IDESA.
The two Innovene S plants that will form part of the Etileno XXI complex in Coatzacoalcos are scheduled to start-up in January 2015.
The plants will produce a full range of monomodal and bimodal high density and medium density polyethylene resins with a total name plate capacity of 750 KTA. Key product areas to be served by the new plants include pipe, blow molded containers, injection molding parts, film, and rotomolded tanks.
Dr. Peter Williams, CEO, INEOS Technologies stated : “INEOS is delighted to be entering into this strategic partnership with Braskem. Under the agreements, INEOS Technologies will offer polyethylene licenses to Braskem’s future investments, and the two companies will work together on joint developments. The aim of the joint R&D is to help ensure that the combination of INEOS’ Innovene G and Innovene S technologies remains the leading offer to the market in Latin America and beyond, responding fully to the future needs of the polymer industry. For the Etileno XXI project, the Innovene S technology will provide high quality polyethylene resins for the much diversified high density PE market in Mexico. INEOS Technologies is proud that Innovene S technology is part of this major investment in the Latin American region”.
Mr.Bernardo Gradin, President of Braskem, commented : "Our agreements with INEOS give us access to state-of-the-art high density and linear low density polyethylene technologies also allowing Braskem to directly participate in joint developments of such. This will allow Braskem to use the Innovene S and Innovene G technologies in its expansion program, starting with the Etileno XXI project with our partners GRUPO IDESA in Mexico, as well as the intended projects in Peru and Bolivia. It is a very important step in the direction of assuring to Braskem clear access to existing leading polymerization technologies, allowing the company to concentrate its efforts on the internal development of bio based renewable technology, a fundamental move to fulfill its 2020 vision of being the world’s leading renewable chemistry company”.
ENDS
For further information please contact
INEOS :
Peter Grant, INEOS Technologies
Telephone + 44 (0) 2380 287023
Email: peter.grant@ineos.com
www.ineostechnologies.com
Braskem :
CDN Comunicação Corporativa
Dora Lopes - (11) 3643-2793
Email:dora.lopes@cdn.com.br
Notes to Editors:
Braskem IDESA SAPI. is a joint-venture between GRUPO IDESA., leading chemical company in Mexico, and Braskem S.A., world-class Brazilian petrochemical company, leader in thermoplastic resins in Latin America and first major producer in the Americas.
Braskem is the largest producer of thermoplastic resins in the Americas. With 31 plants in Brazil and United States, the company produces over 15 million tons of resins and other petrochemical products.
INEOS Technologies is a part of INEOS Group, it is a leading developer and licensor of technologies for the global petrochemicals industry. It offers the broadest range of petrochemical technologies on the market today and also supplies catalysts, additives and coatings that our customers require to obtain the best possible performance from their investments.
INEOS Technologies’ complete portfolio of leading licensed technologies includes:
- InnoveneTM PP – gas phase technology for the production of polypropylene
- InnoveneTM S – slurry technology for the production of mono and bi-modal HDPE
- InnoveneTM G –swing gas phase technology for the production of LLDPE and HDPE
- Polystyrene – general purpose, high impact and expandable PS technologies
- BICHLORTM – membrane electrolyser technology for chlor alkali production
- Vinyls – technology for the production of EDC, VCM and PVC
- Nitriles – technology for the production of acrylonitrile and maleic anhydride
INEOS is one of the world's leading manufacturer of petrochemicals, specialty chemicals and oil products. The company comprises 15 businesses, with a production network spanning 51 manufacturing facilities in 13 countries. It has sales of around $28.6bn and employs 15,000 people.