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  • Pages
01 Cover
02 Welcome Letter / Sections
03 Section 1: Latin America
04 Latin America Resilience
05 Interview: APLA
06 Interview: S&P Commodity Insights
07 Interview: ExxonMobil Chemical
08 Interview: INEOS Styrolution Americas
09 Sustainability
10 Interview: Tecnon OrbiChem
11 Interview: Pilot Chemical Company
12 Interview: Air Products
13 Industry Thoughts: Decarbonization
14 Section 2: Mexico
15 Mexico Overview
16 Factsheet: Mexico
17 Interview: National Chemical Industry Association (ANIQ)
18 Interview: Braskem Idesa
19 Interview: Grupo Idesa
20 Interview: Evonik Industries Mexico
21 Interview: Unigel Mexico
22 Interview: Helm de Mexico
23 Section 3: Brazil
24 Brazil Overview
25 Factsheet: Brazil
26 Interview: ABIQUIM
27 Interview: Braskem
28 Interview: Indorama Ventures Limited
29 Interview: Elekeiroz
30 Interview: Petrom Petroquímica Mogi das Cruzes S.A.
31 Interview: Ultracargo
32 Section 4: Argentina
33 Argentina Overview
34 Factsheet: Argentina
35 Interview: Argentine Chamber of the Chemical and Petrochemical Industry (CIQyP)
36 Interview: Argentine Petrochemical Institute (IPA)
37 Interview: YPF QUÍMICA
38 Interview: Petrocuyo
39 Interview: Petroquímica Rio Tercero
40 Section 5: Andean Region
41 Andean Region Overview
42 Factsheet: Chile
43 Factsheet: Colombia
44 Interview: Acoplásticos
45 Interview: Chilean Chemical Industry Association (ASIQUIM)
46 Interview: Ecopetrol
47 Interview: Petroquim
48 Factsheet: Peru
49 Factsheet: Ecuador
50 Factsheet: Bolivia
51 Factsheet: Venezuela
52 Section 6: Chemical Distribution
53 Chemical Distribution
54 Interview: Brenntag Essentials Latin America
55 Interview: Univar Solutions
56 Interview: Química Anastacio
57 Interview: GTM Caldic
58 Interview: Pochteca
59 Interview: Tricon Energy
60 Section 7: Logistics
61 Logistics and Services
62 Interview: Leschaco
63 Interview: Vopak
64 Interview: Eurotainer
65 Interview: Stolthaven Terminals
66 Interview: Port of Antwerp-Bruges
67 Industry Thoughts: Logistics Innovation
68 Company Profiles (Sponsored Content)
69 Braskem Profile (Sponsored Content)
70 YPF QUÍMICA Profile (Sponsored Content)
71 Brenntag Profile (Sponsored Content)
72 Evonik Profile (Sponsored Content)
73 Article & Interview Index
74 Credits

Stefan Lepecki CEO, BRASKEM IDESA

"We have strengthened our relationship with Pemex and the government, and importantly, we will create an alternative to Pemex for ethane supply."

Has demand for Braskem Idesa’s products kept up in 2022?

Inflation is creating a complex global situation and many countries are starting to talk about a recession. Braskem Idesa has not yet seen a strong decrease in demand for our polyethylene products in 2022 – both domestic and export markets have remained robust. We are, however, concerned about the future. Fortunately, the growth of polyethylene consumption is normally higher than the GDP, depending on the country. The petrochemical sector in general as well as Braskem Idesa had an excellent year in 2021. The polyethylene business is global and everything is connected, including factors such as the Chinese economy. We are aware of the circularity of the industry and therefore must not react too quickly to increases and decreases of demand or inflation, but rather prepare the company to deal with any scenario.

What is the status of Braskem Idesa’s Puerto Mexico Chemical Terminal in Veracruz?

In 2021, we had an agreement with Pemex where we reviewed the commercial conditions of our contract, and established conditions for Braskem Idesa to implement the terminal. This agreement gives us the support of Pemex, Interoceanic Corridor of the Tehuantepec Isthmus (CIIT), and the port authorities to progress this investment, including the concession of the right of way in lands that belongs to Pemex. By obtaining the concession, we are allowed to implement our pier, and are currently in the process of buying the land from CITT and the port authority. We have strengthened our relationship with Pemex and the government, and importantly, we will create an alternative to Pemex for ethane supply, which will provide more feedstock for Pemex to produce their petrochemicals to supply the industry in Mexico. The Puerto Mexico Chemical Terminal in Veracruz will start operations in the second half of 2024.

Can you elaborate on your partnership with Alcamare for PCR (Post-Consumed Resin) products?

From a circular economy perspective, both chemical and mechanical recycling are relevant, but in the short term there is already great potential for mechanical recycling in Mexico. The most important piece of the puzzle in the recycling process is the collection of waste. Braskem Idesa has a partnership with Mexico’s leading recycling company, Alcamare, which has a recycling plant in Querétaro, 17 collection centers across the country, and the technology to segregate and clean waste. They collect our resin, mix it with their recycled waste, and using our joint technologies and expertise, produce high quality post-consumed resin (PCR). In collaboration, Braskem Idesa and Alcamare will launch a high quality, FDA approved recycled resin for food content markets by the end of the year.

How can petrochemical producers balance increasing production and reducing greenhouse gas emissions?

We believe that plastic demand will continue to grow, and have the responsibility to produce plastic without affecting the environment. One of the steps we are focused on is finding opportunities to produce polyethylene more efficiently. In 2021, the company was able to reduce its emissions by approximately 100,000 tons by optimizing our power plant system. This is one factor on the path to achieving 50% CO2 emissions reduction by 2028 and carbon neutrality by 2050. However, we also need technology development and a way to capture CO2 emissions to transform into products that can be absorbed by the market. Braskem Idesa is therefore establishing agreements with technology companies working on emission reduction, carbon capturing, storage, and transformation.

What potential do you see for Mexico’s petrochemical industry?

There is tremendous potential despite political issues and instability in the energy sector. Mexico has a strong domestic market, great availability of natural resources, proximity to important markets such as the US, free trade agreements, a competitive labor force, and logistic capabilities to export. The current global situation reinforces this importance of establishing investments in Mexico.

Next:

Interview: Grupo Idesa