Mexican PMV plans to withdraw from ethylene, VCM markets
by ChemOrbis Editorial Team - content@chemorbis.com
According to media sources, Mexico’s Petroquimica Mexicana de Vinilo (PMV), a joint venture between Mexichem and state-owned Pemex, is preparing to discontinue its operations in the ethylene and VCM markets in line with the company’s decision to not rebuild its damaged VCM plant.
In 2016, a blast at the company’s Pajaritos complex in Veracruz, Mexico killed 30 people and PMV was forced to shut its 184,000 tons/year steam cracker while a force majeure declaration on several products followed soon after.
The companies’ decision to leave VCM and ethylene businesses will not affect the joint venture’s other activities, the media reported.
In 2016, a blast at the company’s Pajaritos complex in Veracruz, Mexico killed 30 people and PMV was forced to shut its 184,000 tons/year steam cracker while a force majeure declaration on several products followed soon after.
The companies’ decision to leave VCM and ethylene businesses will not affect the joint venture’s other activities, the media reported.
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