March 3, 2023

Advario and Braskem Idesa formalize partnership for Coatzacoalcos terminal

Rotterdam, The Netherlands | 3 March, 2023

Advario announces today that it has formalized its partnership with Braskem Idesa (BI) for the Terminal Química Puerto México (TQPM) project in the city of Coatzacoalcos, state of Veracruz, Mexico.  The joint venture partnership is a 50/50 investment for the development and operation of an ethane import terminal. The facility includes 100,000 m3 storage capacity, a new jetty (ships between 30,000 and 100,000 tons), and associated pipeline to supply the ethane required by the BI plant to operate at full capacity.

The project will also have a positive impact on the southern region of Veracruz through the generation of approximately 2,000 direct jobs, contracting suppliers, and the creation of new logistics infrastructure for the area and state.

“We are pleased with the partnership and look forward to successfully developing the important terminal, and our long-lasting relationship with Braskem Idesa,” said Bas Verkooijen, CEO of Advario. “This is another example of Advario’s commitment to partnership, and our focus on growth opportunities within chemicals, gases and new energies.”

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