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Acontece • March 22, 2024

Advario, Braskem Idesa and Terminal Química Puerto México (TQPM) wins Oil & Gas Deal of the Year of the IJGlobal Awards New York

Terminal Química Puerto México (TQPM) project won the Latin-American Oil & Gas Deal of the Year award during the IJGlobal 2023 awards ceremony, held last night in New York. IJGlobal is a renowned project & infrastructure finance publication.

TQPM, a 50/50 joint venture between Braskem Idesa and Advario, won the award for the smart project financing strategy that smoothly and efficiently secured the funding required to deliver the project.

"We are very proud and grateful of this recognition, the TQPM project is an example of the synergy that Braskem Idesa and Advario have materialized to benefit the growth of the national petrochemical industry," said Marcelo Rossini de Oliveira, CFO of Braskem Idesa together with Sophie Challet, Advario CFO, Cleantho Leite, TQPM CEO and Diana Rodriguez, Legal Director of Braskem Idesa.

Located in Coatzacoalcos, Veracruz province, TQPM is a greenfield ethane storage terminal currently under construction. The terminal will have a capacity of 100,000 cbm, and will be directly connected to Braskem Idesa's petrochemical complex in Coatzacoalcos via pipeline.


About Braskem Idesa S. A. P. I:

Founded in 2010, Braskem Idesa is a Mexican company established by the association of Braskem (Brazil), the continent's largest thermoplastics producer petrochemical company, and one of the leaders in the Mexican petrochemical, Grupo Idesa. Together they developed a petrochemical complex, focusing on the operation and production of High and Low Density Ethylene and Polyethylene in the municipality of Nanchital, Veracruz, Mexico. The complex produces one million fifty thousand tons of Ethylene and Polyethylene per year, which went into operation in April 2016.

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