Thursday, August 28, 2008

Venezuela to see huge investments in petrochemicals; aims PE output to reach 2 mln tpa by 2012

Seeing a staggering 81% rise in Venezuela's plastic resin consumption from 2002 to 2007, nation's President Hugo Chavez has announced an investment of US$950 mln for petrochemicals, particularly for eethylene, polyethylene and PVC production facilities.

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