Siemens to Upgrade Braskem's Sao Paulo Plant
April 09 2019 - 10:24AM
Dow Jones News
By Nathan Allen
Siemens AG (SIE.XE) said Tuesday that it will modernize a
cogeneration plant at Braskem SA's (BRKM5.BR) Sao Paulo
petrochemical complex.
The German engineering group said it will overhaul the existing
plant, which provides steam and power to the complex's
steam-cracker unit, and operate it for 15 years.
Siemens said it expects to complete the project in early
2021.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
April 09, 2019 10:09 ET (14:09 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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