MOSCOW (MRC) -- Pemex Petroquimica has restarted a low-density polyethylene (LDPE) line following an unscheduled shutdown, as per Apic-online.
A Polymerupdate source in Mexico informed that the line restarted mid-last week. It was shut on July 30 owing to technical issues.
Located in Cangrejera, Mexico, the line has a capacity of 315,000 mt/year.
As MRC reported previously, Mexico's state oil company Petroleos Mexicanos (Pemex) is joining oil producers worldwide in the race to lower costs as prices plunge, with one difference - no staff cuts. Pemex, which is preparing to end its Mexican oil monopoly, is looking to save USD2 billion to USD3 billion this year on purchases and through reducing rates with contractors.
Pemex, Mexican Petroleum, is a Mexican state-owned petroleum company. Pemex has a total asset worth of USD415.75 billion, and is the world's second largest non-publicly listed company by total market value, and Latin America's second largest enterprise by annual revenue as of 2009. Company produces such polymers, as polyethylene, polypropylene, polystyrene.
MRC