Senior reporter Frank Esposito collected these stories at TEMPI 08, held June 9-10 in Las Vegas and hosted by Townsend Polymer Services & Information of Houston.
Braskem, Pequiven plan PE, PP projects
Partnerships between Brazilian petrochemical giant Braskem SA and state-owned Petroquímica de Venezuela SA (Pequiven) will create almost 3.5 billion pounds of new polyolefin capacity in Venezuela by the end of 2012.
Plastics production will be part of a major oil and gas refinery in Anzoategui, Venezuela, and take advantage of the nation's large natural gas reserves, said Braskem's Venezuela business director, Sergio Thiesen. New capacity includes 2.4 billion pounds of polyethylene and almost 1 billion pounds of polypropylene.
Central America and South America will be target markets for the material, Thiesen said.
On its own, Braskem of São Paulo will add almost 800 million pounds of PP this year and more than 400 million pounds of PE.
Indian investments should aid plastics
The Indian government is spending more than $500 billion to improve roadways and power and water supplies, a move that should boost an already fast-growing plastics sector, said Sanjay Moolji, general manager of Reliance Industries Ltd. of Mumbai.
India's plastics processors already consume 26 billion pounds of resin and are adding capacity at a rate of 8 percent a year.
India represents ``a huge opportunity'' for plastics in industrial manufacturing, Moolji said, including multilayer, bixially oriented PP and shrink and stretch packaging films. Infrastucture products like pipe and storage tanks, as well as agricultural films and pallets, also show potential.
Reliance currently is adding almost 3 billion pounds of polypropylene capacity.