05/11/2011

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Marubeni enters into butadiene purchase agreement with Braskem

Marubeni said that it is discussing with Braskem further expansion of the trade business. In addition to the new petrochemical projects in Brazil, both companies promote the cooperation in the various fields and proceed the project together in US and Asia.  Those strategic activities will be accelerated in the potential regions expected following the growth of China and India, the major growing countries in BRICs.About Marubeni
According to its own words Marubeni is the trading house in Japan which handles the largest amount level of olefin such as ethylene, propylene, and butadiene. It says that butadiene and its derivatives are positioned as the company's strategic commodity and accompanied synthetic rubber chain is recognized as its core projects. As a part of this strategy, the Japanese trading house has invested in a large scale synthetic rubber plant in China Jiangsu Nantong. Additionally, in India, a joint venture company has been established in 2010 with Indian Oil Co., Ltd., the largest public petroleum company in India, and TSRC from Taiwan. This plant is the first synthetic rubber production facility in India, and planned to begin its operation in 2013.

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