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FEED pact let for Venezuelan ethylene plant

By OGJ editors
-- A Brazilian-Venezuelan joint venture has let a reimbursable front-end engineering design (FEED) contract to Technip for a 1.3 million tonne/year ethylene plant at Jose, Venezuela.

The JV is Polimerica, owned 49% each by Venezuela’s state-owned Pequiven and Braskem of Sao Paulo, Brazil. Coramer, Caracas, and Sojitz, Tokyo, hold 1% each.

The ethylene plant is to be part of a petrochemical complex Pequiven and Braskem plan to build at Jose through two JVs they agreed to form in 2007 (OGJ Online, Apr. 19, 2007).

One JV is to build the ethane cracker covered by the new contract as well as a 1.1 million tpy polyethylene plant. The other JV is to build a 450,000 tpy polypropylene plant.

Technip said FEED activities for the ethylene plant are to be completed by second quarter 2011.

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