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BRAZIL: Joint venture construction plans for long-stalled $1,000,000,000 gas/chemicals plant is...

PROJECT OVERVIEW:

Subsequent to a 2-year delay the local antitrust authority, CADE, finally approved the construction plans promoted by a Brazilian gas/chemicals joint venture operating under the name of RIO POLIMEROS.

The partners in the planned undertaking and their respective shareholdings include: - COMPANHIA SUZANO DE PAPEL E CELULOSE (SUZANO - 33.3%); - UNIAO DE INDUSTRIAS PETROQUIMIQUAS SA (UNIPAR - 33.3%), - BANCO NACIONAL DE DESENVOLVIMENTO ECONOMICO E SOCIAL (BNDES -

16.7%); - PETROBRAS QUIMICA S.A. (PETROQUISA 16.7%), a subsidiary of

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