RICHARDSON, TEXAS - Phillips Driscopipe, the polyethylene pipe unit of Phillips Petroleum Co. in Bartlesville, Okla., plans to launch a pipe venture with an Argentine firm by midyear. The venture, based on an existing plant operated by an undisclosed partner in San Nicolas, north of Buenos Aires, will use PE from Phillips' Houston complex. Phillips Petroleum said the Argentine plant will produce as much as 10 million pounds of pipe a year, initially in diameters as large as 12 inches, for South America's natural gas, mining and water distribution markets.
The venture will mark the first time that Phillips Driscopipe of Richardson has made PE pipe outside the United States. A spokeswoman said talks between the firms are continuing. She declined to disclose the value of the pending arrangement.