Profile

Braskem and Idesa: Ethylene XXI Project

Created in 2010, Braskem Idesa is an association in which Braskem, the largest producer of thermoplastic resins and leader in the Americas, participates; and Grupo Idesa, one of the main Mexican business groups. Together, the companies are leading the "Ethylene XXI" project, focused on the development and implementation of a petrochemical complex for the production of polyethylene in the city of Coatzacoalcos, in the state of Veracruz. The investment reached US$ 5.2 billion and will maintain an annual production of 1 million 50 thousand tons of High and Low Density polyethylene, which began in early 2016.

Braskem and Idesa were the winners of the tender promoted by Pemex Gas - a state-owned company in Mexico for the acquisition of raw material (natural gas) - under competitive conditions for 20 years. The input will be used in a cracker with a capacity of 1 million 50 thousand tons per year of ethylene integrated into three polymerization units for the production of 750,000 tons per year of High Density Polyethylene (HDPE) and 300,000 tons per year of Low Density Polyethylene (LDPE).

Social and economic development

The Braskem Idesa Complex represents an important progress for the Mexican petrochemical industry because it adds value to the entire productive chain in the country, creating opportunities for social and economic development since the Mexican trade balance must be benefited by the significant decrease in the importation of polyethylene, in addition to the generation of employment.

During the construction phase of the complex, approximately 8,000 jobs were generated in the operation phase. In 2015, around 800 direct jobs and more than 2,200 indirect jobs were generated.

Corporate Structure

The Braskem Idesa association holds 75% of Braskem's stake, while Idesa is a partner of Braskem in the project and holds 25% of the stake. The companies joined specific experiences and knowledge to create an integrated petrochemical complex for the production of polyethylene.

Awards

Braskem Idesa has been characterized not only by its commitment to its business but also by its social commitment and its partners; for this reason, different institutions have recognized it on several occasions:

Braskem Idesa is currently on the list of active members of several associations:

  • APLA (Petrochemical and Latin American Chemical Association)
  • ANIPAC (National Plastics Industries Association)
  • ANIQ (National Chemical Industry Association)
  • AMEE (Packing and Packaging Association)
  • CAMEBRA (Chamber of Commerce Mexico Brazil)
  • CANACINTRA (National Chamber of the Transformation Industry)

MEET BRASKEM

Working in the chemical and petrochemical sectors, Braskem stands out in the global scenario as the largest producer of thermoplastic resins in America and one of the largest in the world. Its production is focused on the thermoplastic resins of polyethylene (PE), polypropylene (PP) and polyvinyl chloride (PVC), in addition to basic chemical inputs. Together, they make up one of the most complete portfolios of the market by including differentiated products, produced from renewable raw materials.

The company has several industrial units that are concentrated in Brazil, the United States, and Germany; countries where the company also maintains offices to conduct its business. In addition, Braskem has commercial bases in countries of South America, North America, Europe and Asia

Click here to learn about Braskem in the World.

BRASKEM IN FIGURES

GROSS INCOME
BRL 54.1billion (USD 16.3 billion)
EXPORT INCOME
BRL 20 billion (USD 8.5 billion)
NET INCOME
BRL 47.3 billion (USD 143 billion)
INNOVATION AND TECHNOLOGY EXPENSES
BRL 230 millions (USD 98 million)
EBITDA
BRL 9.4 billion (USD 2.8 billion)
INVESTMENTS
BRL 2.4 billion (USD 714 million)

MEET IDESA

Idesa is one of the most important petrochemical companies in Mexico. Its main activities are focused on the production, distribution, and commercialization of chemicals, petrochemicals and construction products, as well as the operation of a maritime terminal in the port of Veracruz. It has a history of 60 years of experience throughout which it has been able to excel in technology, petrochemical, safety, environment, thanks to its operational experience and its team's commitment. To know more about Idesa, visit www.grupoidesa.com

  FY 2014 (USD million) Accumulated to September 2015 (USD million)
Income 675 million 450 million
Export Income 74 million 46 million
Innovation & Technology Expenses 2 million 1 million
EBITDA 72 million 62 million
Investments 36 million 24 million