Abstract
Mitsui & Co. is forming a joint venture with Dow Chemical to build a biopolymers complex in Brazil that will be integrated all the way back to sugarcane cultivation. Dow has been eyeing such a complex since 2007, when it revealed plans for a 350,000-metric-ton-per-year linear low-density polyethylene plant based on sugarcane. Brazilian sugar processor Crystalsev signed on as a partner but later dropped out. Under the new agreement, Mitsui will make an initial investment of $200 million. The Japanese firm is buying a 50% stake in Santa Vitoria Acucar e Alcool, a Dow subsidiary that is growing 17,000 hectares of sugarcane in the Brazilian state of Minas Gerais. Later this year, the pair will start building a 240 million-L ethanol plant that will start up in the second quarter of 2013. Eventually, the companies plan to build a plant that will dehydrate the ethanol into ethylene and a polyolefins plant of undetermined size ...
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
