South Zone – Issue 56

++veracruz++ Brazilian businessmen confirm investments in Veracruz: Duarte

Veracruz, Mexico.- Executives from the Brazilian company Odebrecht confirmed to Governor Javier Duarte de Ochoa the millionaire investment they will make in Veracruz for the construction of the petrochemical complex Etileno Siglo XXI, an ethanol plant and a dam to supply water to Xalapa. 
In Etileno Siglo XXI project, a joint venture with their affiliated company Braskem and the Mexican company Idesa, Odebrecht will invest US$3 billion in the state’s southern region and will create 800 direct jobs, 2,200 indirect jobs and between 6,000 and 8,000 temporary jobs during construction. The ethanol plant will have an investment close to US$2.5 billion and will create 2,000 direct jobs. 
Together with Marcelo Bahia Odebrecht, President and CEO, Odebrecht SA, and Carlos Jose Fadigas de Souza, President, Braskem, Governor Duarte said that the investment to be made by Odebrecht and its affiliated Braskem in Veracruz, one of the most important they make throughout the Continent, will consolidate development, progress and prosperity not only in the southern region but throughout the whole state. 
Etileno Siglo XXII plant will produce one million tons of ethylene and polyethylene per year, which will provide for an increase in the domestic production of these supplies and cut down polyethylene imports for a value close to US$2 billion.