The Sao Paulo, Brazil, Valor Economico newspaper is reporting that Dow Chemical Co. and Santelisa Vale SA have suspended their $1 billion project to make polyethylene resin from sugar cane. The venture had planned to start production by 2011. For those of us who are not fluent in Portuguese, here's Bloomberg's version of the story, attributed to the the original report. It notes that the Brazilian story cites "an unnamed person familiar with the plan." Plastics News has published a few stories (including this one) that have noted that sustainability is not a fad -- it will persist even with times are tough. So perhaps we'll see this project resurface later, once Dow can sort through its other problems.
Sugar-based PE on the back burner?
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