In Mexico, Braskem Idesa signed an investment agreement with Advario for a joint 50% stake in the construction and operation of an ethane import terminal in Mexico. The project’s total investment will be approximately US$400 million, construction will begin in July 2022, and it is planned to be completed by the end of 2024.
The Terminal will be developed in the municipalities of Coatzacoalcos and Nanchital, in the state of Veracruz. The 10-hectare site is in the northern part of the Pajaritos lagoon and will be connected to Braskem Idesa’s complex via an 11-kilometer pipeline. A new jetty will also be built in the Pajaritos lagoon with an exclusive area for operations with cryogenic ethane. This important infrastructure project will be part of the Interoceanic Corridor of the Isthmus of Tehuantepec, one of Mexico´s Government main development initiatives.
