Brazil-based Braskem (NYSE: BAK) announced June 22 it will move forward on a major petrochemical project in the Houston area.

The company’s board of directors approved the final investment decision to build a facility called Delta next to Braskem’s existing production facilities in La Porte. Braskem will commit up to $675 million to the project, according to a press release.

Delta will be the largest polypropylene production line in the Americas, according to Braskem. It will have a manufacturing…

Houston Biz Journal
Brazil petrochem co. to build 5M project in Houston area