December 18, 2014 10:29 PM ET

Chemicals

Company Overview of Petroquímica de Venezuela, S.A.

Company Overview

Petroquímica de Venezuela, S.A. manufactures and markets chemicals and petrochemicals. The company is based in Valencia, Venezuela. Petroquímica de Venezuela, S.A. operates as a subsidiary of Petroleos de Venezuela, S.A.

Zona Industrial Municipal Sur

Avenida 73

con calle 79-B

Valencia,  2003

Venezuela

Phone:

58 241 839 4859

Fax:

58 241 8200897

Key Executives for Petroquímica de Venezuela, S.A.

Petroquímica de Venezuela, S.A. does not have any Key Executives recorded.

Petroquímica de Venezuela, S.A. Key Developments

Venezuela's Pequiven Signs Deal for $1.4 Billion Granular Urea Plant

Petroquimica de Venezuela (Pequiven) and two Brazilian constructors have agreed a deal for a $1.4 billion export-oriented granular urea plant that aims to satisfy Brazil's growing demand for nitrogen fertilizers. Scheduled to commence operation in 2018, the 1.55 million ton/year plant at the Jose Antonio Anzoategui petchem complex in the east of the country will supply Brazil and at least three other members of regional trade bloc Mercosur - Argentina, Uruguay and Paraguay - with more than 125,000 ton/month of urea. Work on the huge project, which includes an ammonia plant to supply feedstock for urea production, is expected to start in 2015. During a signing ceremony in Valencia, Carabobo state, Pequiven also announced that a new 770,000 ton/year urea plant at the local Moron Petrochemical Complex will commence production in the next few days.

Pequiven Plans to Invest €3 Billion in a String of Construction Projects

Pequiven plans to invest some €3 billion in a string of construction projects aimed at increasing production of plastic resins and guaranteeing supply to domestic producers. Projects in the pipeline include the construction of the 800,000 tonne/year Olefins III plant, a 300,000 tonne/year high-density polyethylene (HDPE) plant and a 300,000 tonne/year low-density polyethylene (LDPE) plant. Other proposals include a 37,000 tonne/year biaxially oriented polypropylene (BOPP) plant, a 240,000 tonne/year polyethylene terephthalate (PET) plant and a 460,000 tonne/year homopolymer and copolymer plant. The new facilities would be built at the Ana Maria Campos petrochemical complex in the northern state of Zulia.

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