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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.Will Brazil's Braskem Idesa pay more of Mexico's gas costs?
MEXICO CITY (Reuters) - Brazil’s Braskem Idesa must pay more of the costs in a new gas supply agreement with state oil firm Petroleos Mexicanos (Pemex) that will save Mexico some 13.75 billion pesos ($661 million), Pemex Chief Executive Octavio Romero said on Wednesday.Does Braskem Idesa pay for ethane?
Moreover, the terms also stipulate that Braskem Idesa would cover the costs of transporting the ethane, and that the sum it would pay the Mexican firm for the gas would reflect “100 percent” the international reference price, Pemex said.Why did Braskem Idesa shut down etileno XXI?
In December, Mexico natural gas system operator Cenagas canceled the company’s access to pipeline natural gas supply, forcing Braskem Idesa to shut down Etileno XXI, the largest petrochemicals operation in Latin America. The Etileno plant uses natural gas as a feedstock in the petrochemical process.