Phoenix
Park to partner with South African firm
Trinidad
Express
Port
Spain
Petroleumworld.com 07 23 06
Trinidad's
Phoenix Park Gas Processors Ltd. will partner with
a South African firm to build a petrochemical plant
in the Caribbean island nation, officials said.
Phoenix
Park spokesman Alvin Dookie said the company plans
to develop a US$64 million maleic anhydride plant
in Trinidad with Isegen Pty Ltd. of South Africa.
Maleic anhydride is a chemical commonly used in
the production of food additives, agricultural chemicals,
fiberglass and plastics.
Construction
was scheduled to begin at a yet-undetermined site
at the end of 2008 and would last between 18 and
24 months, said Dookie, who did not disclose what
percentage of the plant would be owned by Phoenix
Park.
Trinidadian
Energy Minister Lenny Saith said last week that
the project was one of seven major chemical plants
in development to help diversify the country's energy-based
economy. Some 25 petrochemical plants are already
in operation, he said
Trinidad Express
Wednesday, July 19th 2006
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