ABB confirms $650-million Brazil petrochemicals order

ABB confirms $650-million Brazil petrochemicals order to develop a gas chemical complex near Rio de Janeiro

Zurich, Switzerland, March 20, 2000 – ABB, the global technology company, confirmed today that a consortium consisting of ABB and Snamprogetti of Italy has signed a US$650-million order to develop a greenfield gas chemical complex near Rio de Janeiro, Brazil. ABB announced in January of this year that it had signed a Letter of Intent on the deal.

The order was placed by Rio Polimeros Ltda. and covers the design and construction of ethylene and polyethylene facilities using proprietary ABB ethylene process technology. The plant is scheduled to enter commercial operation at the end of 2003.

Rio Polimeros Ltda. is owned by Brazilian petrochemicals groups Suzano and Unipar, as well as state oil company Petrobras and BNDES development bank.

ABB is a global technology company serving customers in power transmission and distribution; automation; oil, gas, and petrochemicals; industrial products and contracting; and in financial services. Power generation customers are served by ABB ALSTOM POWER. The ABB Group employs about 165,000 people in more than 100 countries. (End)

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    Contact us

    • John Fox
      ABB Corporate Communications, Zurich
      Tel: +41 1 317 7371
      Fax: +41 1 317 7958
    • Carlos-Roberto Hohl
      ABB Brazil
      Tel: +55 11 7088-9811
      Fax: +55 11 7088-9993
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