Brazil's Braskem contracts to buy ethane from Enterprise Products
BRASILIA, March 21 (Reuters) - Brazilian petrochemical company Braskem SA signed a 10-year contract with U.S.-based Enterprise Products Partners LP for the supply of ethane imported from the United States, Braskem said in a statement on Monday.
Braskem said it would import the ethane at a price based on the international Mont Belvieu reference price.
Braskem also said its board of directors approved an investment of 380 million reais ($104.84 million) to diversify the supplying of its Bahia petrochemical plant, allowing for the use of up to 15 percent of ethane. ($1 = 3.6245 Brazilian reais) (Reporting by Silvio Cascione; Editing by Jeffrey Benkoe)
© Thomson Reuters 2016 All rights reserved.