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04-19-2007

Basell: Technolgy for a Plant in Venezuela

Poliolefinas Internacionales, C.A. Polinter, an affiliate of Petroquímica de Venezuela, S.A., Pequiven, and other private shareholders, has selected Basell’s Lupotech T technology for a new 300 KT per year low density polyethylene plant that it plans to build in Maracaibo/Venezuela. Start-up is expected in 2011.

"Lupotech T has globally become the technology of choice for the production of LDPE and EVA copolymers and we are very pleased to provide Polinter with the latest, proven world-scale Lupotech T technology" said Just Jansz, president of Basell’s Technology Business. He added, "This is the first new high pressure LDPE plant in the Americas for over a decade, reflecting the consistently growing demand for LDPE in the region."

The Lupotech T process, which has been licensed by Basell and its predecessor companies since 1969, offers world scale manufacturing economics and a wide range of high quality products. Total licensed annual capacity exceeds 7 million tonnes.

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