Braskem Idesa announces a memorandum of understanding to discuss supply of ethane from Mexico
Mexican gas transportation agency resumes service unilaterally suspended in December
Braskem Idesa has signed a memorandum of understanding with Pemex, the Mexican oil and gas state-owned company, to discuss the ethane supply contract in the country and the development of an import terminal for the raw material. In addition, the company signed a 15-year gas transportation agreement with the state-owned agency Cenagás - the duration of this agreement is conditional on signing the final negotiation with Pemex. As a result, the Braskem Idesa petrochemical complex in Mexico has started receiving the natural gas transported by Cenagás which had unilaterally suspended deliveries in December.
The memorandum of understanding with Pemex establishes terms and conditions to discuss potential addenda to the supply agreement. Braskem Idesa stated in a notice to market that "is unable to predict the outcome of the discussions with Pemex", but will keep the market informed about relevant developments. The ethane supply agreement between Braskem Idesa and Pemex remains in force and valid, until any possible amendment.
Braskem Idesa is a company resulting from the association between Braskem and Idesa Group, one of the main Mexican petrochemical companies. The companies jointly developed the Ethylene XXI project in the state of Veracruz, the largest petrochemical complex in Latin America, for the production of ethylene and high and low-density polyethylene. The USD 5.2 billion project was the largest private investment in Mexico in the last decades.
For more information related to press, please contact:
Fato Relevante
imprensa.braskem@agenciafr.com.br
Related News
Se você é um profissional da imprensa, a Braskem tem um canal feito só pra você.
Acesse aquiPress Releases
More newsShell Chemicals and Braskem bring certified bio-attributed and bio-circular propylene and polypropylene to the U.S. market
Braskem announces partnership with Northwestern University for the development of CO2 conversion technology
Braskem invests in expanding capacity and partnerships for producing plastics from renewable sources
Braskem and Sojitz Corporation launch Sustainea
Braskem launches Wenew, its new global Circular Economy ecosystem
Braskem recognized by MIT as one of Brazil's most innovative companies
Customers
Become a Braskem customer
Braskem is one of the largest suppliers of chemical and petrochemical products in the world, recognized for its focus on sustainable development, innovation and quality.
We believe in lasting partnerships, we have a broad portfolio of products and we work together with our customers to create new practical and sustainable solutions in all markets.
Talk to our sales team