ME-L1110 : Etileno XXI

Project Status
Approved

Etileno XXI is a project to develop, construct and operate an integrated petrochemical complex comprising one ethane cracker and three polymerization plants with a nominal capacity of 1,000 kilo tons per annum of polyethylene (PE) using ethane as feedstock (Etileno XXI, or, the Project). The Project will be located in the city of Coatzacoalcos in the State of Veracruz, Mexico. Feedstock for the Project will be provided by PEMEX Gas y Petroquímica Básica (PEMEX Gas). Etileno XXI will help bridge gap between Mexico's local PE production and demand (Mexico, currently imports approximately 61% of its PE needs). PE is a key input for the plastics industry, which is in turn extensively used in the packaging, vehicle manufacturing, domestic appliances, electronic components, construction materials and many other industries.

PROJECT DETAIL

Project Number ME-L1110
Financial Information
Project Number ME-L1110
Project Status Implementation
IDB Financing
Financing Type Private Sector Loan
Fund Ordinary Capital
Reporting currency USD - United States Dollar
Reporting Date JUN 30, 2015
Estimated Cofinancing H USD 300,000,000
Roles & Responsibilities
Borrower Braskem Idesa, S.a.p.i.
Contract Signature Date DEC 19, 2012
Financial Information
Project Number ME-L1110
Project Status Implementation
IDB Financing
Financing Type Complementary Line of Credit
Fund Ordinary Capital
Reporting currency USD - United States Dollar
Reporting Date JUN 30, 2015
Estimated Cofinancing H USD 350,000,000
Roles & Responsibilities
Borrower Braskem Idesa, S.a.p.i.
Contract Signature Date DEC 19, 2012
Country Mexico
Sector INDUSTRY
Subsector INDUSTRY-PETROCHEMICAL INDUSTRY
Project Type Loan Operation
Project Subtype Private Sector Investment
Environmental and Social Impact Category A

PROJECT INFORMATION

Total Cost H USD 4,720,000,000
Country Counterpart Financing USD 4,070,000,000
IDB Financing
Reporting currency USD - United States Dollar
Estimated Cofinancing(s) USD 300,000,000
PORTFOLIO DETAILS
Key Value
H Historical
R Revalued

*For active and closed projects, the IDB financing at Board approval is shown in US$ millions. This does not reflect any cancellations. For projects in Preparation the amount shown is the Estimated IDB Financing. Approved projects shows either Estimated IDB Financing or Historic Approved amount. The IDB financing for projects in the pipeline is indicative and may be modified during the project preparatio

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Preparation

Approved

Evaluación del impacto ambiental

Environmental & Social Management Reports

Environmental & Social Strategies

Project Abstract

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