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Mexichem and OxyChem form ethylene JV

By: Stephen Downer

MEXICO CITY — Mexican PVC and specialty chemicals maker Mexichem SAB de CV and Occidental Chemical Corp. have formed a $1.5 billion, 50-50 joint venture to build an ethylene cracker with an annual capacity of 1.2 billion pounds at an OxyChem complex in Ingleside, Texas, as well as pipelines and storage in Markham, Texas.

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