Six Firms Eye Investing In Peru Petrochemical Complex

Six international companies are interested in participating with Peru’s state-owned Petroperu to develop a petrochemical complex on the country’s southern coast, according to Petroperu’s general manager, Pedro Mendez.

“We are receiving visits from six companies worldwide that are very interested in talking with us about analyzing different areas of participation in the petrochemical complex,” Mendez said, according to state news agency Andina.

Petroperu already plans to work with Brazilian firm Braskem on the multi-billion dollar project.

“As well, we are looking for investors for other areas in the development of the petrochemical industry,” Mendez said.

Braskem plans to invest about $3.5 billion in the project, where production is expected to start in 2018.

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