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In a recent development, Braskem S.A. (NYSE:BAK) has announced the inauguration of Terminal Química Puerto México (TQPM), a controlled entity of Braskem Idesa S.A.P.I., in partnership with Advario B.V. This strategic move, taking place today, aims to bolster the company’s polyethylene production capabilities in Mexico.
The new TQPM import terminal, situated in Mexico, is designed with a capacity to handle 80 thousand barrels of ethane per day. This capacity enhancement is expected to enable Braskem Idesa to fulfill its entire feedstock requirements through imports. Consequently, the company anticipates an annual production output of 1.05 million tons of polyethylene in Mexico.
Braskem, through its subsidiary Braskem Idesa, has reaffirmed its commitment to the Mexican market and the broader petrochemical industry with this expansion. The establishment of the TQPM import terminal represents a significant step in ensuring a reliable supply chain for feedstock and underscores the company’s dedication to fostering growth within the sector.
The information disclosed in this article is based on a press release statement, and it provides a factual account of Braskem S.A.’s latest business venture without any speculative assertions or predictions about future market performance.
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