MEXICO CITY (Oct. 5, 2:50 p.m. ET) — Braskem Idesa SAPI will begin clearing land next week in Coatzacoalcos, Mexico, for Ethylene XXI - the massive project which is intended to lessen Mexico's dependence on imported polyethylene.
After land is cleared, construction will begin early next year, with production set to launch in early 2012, Braskem Idesa commercial director Cleantho Leithe said Oct. 4 at the Plastimagen 2011 trade show in Mexico City.
When completed, the site will have more than 2 billion pounds of annual capacity for high density and low density PE and a similar amount of capacity for ethylene feedstock. Ethylene XXI is expected to create 3,000 permanent jobs as well as 8,000 construction jobs, Leithe said.
Mexico currently consumes about 3.6 billion pounds of PE per year, with almost 60 percent of that amount imported from the U.S.
Braskem Idesa is a joint venture between Brazilian plastics giant Braskem SA and Grupo Idesa SA de CV, a Mexican industrial conglomerate. Braskem owns 65 percent of the JV.