Petroleos Mexicanos (Pemex)'s proposed Phoenix petrochemical and plastics project has been called off after a decision by the Mexican government not to provide financial support to the venture. The Phoenix project, to comprise a US$1.9 bln olefins and polyolefins complex based on ethane, and a US$1.2 bln cracker and aromatics complex was scheduled for completion by 2011.
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Thursday, January 10, 2008
Pemex's Phoenix petrochemical project called off
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