Within the submitting, Braskem stated he signed a brand new service contract with Cenegas, in addition to a memorandum of understanding with Mexican state oil firm Pemex relating to potential modifications to an ethane provide contract. .
“With the signing of those paperwork by BI, BI started to obtain, any more, the supply of pure fuel, which had been unilaterally interrupted,” stated Braskem.
In December, Mexican President Andres Manuel Lopez-Obrador introduced that Cenagas would cease supplying pure fuel to Braskem Idesa Etileno XXI’s plant on the Gulf Coast.
The populist chief had beforehand complained concerning the phrases of a contract between state-owned oil firm Pemex and the plant to provide ethane, one other sort of fuel. The plant produces polyethylene, a plastic generally utilized in packaging.
Braskem stated the ethane provide contract stays in place for now, however he couldn’t predict the result of the fuel provide negotiations. (Report by Gram Slattery in Rio de Janeiro and Paula Laier in Sao Paulo edited by Louise Heavens)
