Petrochemicals - Brazil, Mexico - CFE starts grid construction for Ethylene XXI

By Business News Americas staff reporters

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Mexico's state power company CFE has begun construction of the electricity network that will supply the Ethylene XXI petrochemical project in Veracruz state.

The polyethylene (PE) complex could be the single largest consumer of electricity in the country, with demand expected to reach 135MW/y, news service El Golfo reported.

Work to be carried out this year involves the installation of transmission lines, according to V?ctor Andrade L?pez, secretary general of national electrical workers union Suterm.

Brazilian petrochemical firm Braskem (NYSE: BAK) has a 65% stake in the US$4bn project, with the remainder held by Mexico's Idesa.

When complete, Ethylene XXI will produce 1.05Mt/y of PE, 750,000t/y of high-density PE and 300,000t/y of low-density PE.

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