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Brazil’s Braskem revises naphtha contract with Petrobras

by ChemOrbis Editorial Team -
  • 03/03/2015 (16:29)
According to media reports, Brazil’s Braskem, Latin America’s largest petrochemical company, has revised its naphtha supply agreement with Petrobras. The new contract extends Braskem’s naphtha supply agreement with Petrobras until August 31, 2015 at a price retroactive until March 1.

Naphtha supplies from Petrobras had been uncertain recently as Petrobras has failed to renew a number of supply contracts after the Odebrecht Group, Petrobras’ main shareholder, was implicated in a corruption scandal. Sources report that several of Braskem’s plants had been facing the possibility of shut downs before the company managed to renew its naphtha supply agreement.
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