Rhodia-ster SA of Sao Paulo, Brazil, is investing US$80 million to install a 308 million-pound-per-year PET plant in Cabo, the first in northeastern Brazil. The unit will use the Inventa-Fisher technology and is scheduled to start producing in late 2002. Rhodia-ster has been for sale since 1999.
Innova SA of Porto Alegre, Brazil, plans to export this year's excess production from its new polystyrene plant mainly to the United States. The 264 million-pound-per-year plant, launched in September, produces high-impact and crystal grades. Eighty percent of the production will be sold in Brazil and 20 percent abroad, said commercial director Marcelo Bianchi. Innova is a subsidiary of the Argentine group Perez Companc.
Rio Polimeros SA of Rio de Janeiro, Brazil, is wrapping up funding for a $1 billion project to make polyethylene in Duque de Caxias, Brazil. The unit is set to produce 1.1 billion pounds per year of high density and linear low density PE by 2004.