Petrochemical plant to be replaced with another one
Petrochemical plants in Brazil and India are to be closed or consolidated as part of a $5 billion plan to cut CO2 emissions.
Petrochemical giant Petrobras plans to invest $4.3 billion in a new plant in Brazil, the country’s biggest, as part a plan to reduce CO2 from its main production facility by 30 percent by 2030.
The plant, which is also called Petronas, will be replaced by another, more efficient plant that will be located in India.
Petronas said in a statement that the project will “provide a platform for future expansion” of the plant in India, where it is currently located.
Petrodustics, or petroleum, accounts for around a quarter of Brazil’s emissions, and about half of India’s.
The two countries are trying to reduce their CO2-equivalent emissions by 40 percent by 2050 and by 70 percent by 2100, according to the Intergovernmental Panel on Climate Change.