BNDES mulls incentives for petchem funding
Bnamericas Published: Monday, August 30, 2004
Brazil's national development bank BNDES is preparing incentives for the petrochemical, textile and automobile industries, Agencia Estado news service quoted the bank's CFO Márcio de Castro as saying. The incentives could include initial placement offers (IPOs) for small- and medium-sized companies and the creation of funds to finance operations and the integration of the production chain, the news service said. "We have to organize capital markets to align them with industrial policy objectives," Castro was quoted as saying. The textile industry program is advanced as in coming days the bank is expected to disburse funds for a study to create a large-scale production platform. Brazil's petrochemical sector is going through restructuring as the largest private company in the sector, Braskem, is consolidating its group and federal energy company Petrobras has plans to invest US$1bn in the sector through 2010.
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Oil & Gas (Brazil)
Why is Brazil’s Eneva expanding its thermoelectric portfolio?
The company has 7.2GW in operation and under construction in several states.
Petrobras plans to invest US$111bn by 2029
Still subject to board approval, the Brazilian oil company's next business plan will be fully released on November 22.
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Oil & Gas (Brazil)
Get critical information about thousands of Oil & Gas projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: VÁRZEA REDONDA
- Current stage:
- Updated:
1 year ago
- Project: REC-T-80_R12
- Current stage:
- Updated:
1 year ago
- Project: BT-POT-50
- Current stage:
- Updated:
1 year ago
- Project: BARRA RIVER
- Current stage:
- Updated:
1 year ago
- Project: BT-ES-30
- Current stage:
- Updated:
1 year ago
- Project: BARRACUDA
- Current stage:
- Updated:
1 year ago
- Project: COTTON DOWN
- Current stage:
- Updated:
1 year ago
- Project: BICUDO
- Current stage:
- Updated:
1 year ago
- Project: BT-PN-7
- Current stage:
- Updated:
4 years ago
- Project: REC-T-121_OP1
- Current stage:
- Updated:
4 years ago
Other companies in: Oil & Gas (Brazil)
Get critical information about thousands of Oil & Gas companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Construções e Comércio Camargo Corrêa S.A. (CCCC)
-
Construções e Comércio Camargo Corrêa (CCCC), a subsidiary of the Camargo Corrêa group, provides a variety of services, such as construction, ground works, engineering works; hy...
- Company: TCRE Engenharia Ltda
- Company: Be8 Bevant
- Company: Construtora Elevação Ltda. (Construtora Elevacao)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Terminal Portuário de Macaé Ltda. (TEPOR)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Acelen
-
Acelen has more than 31 products, most of which crucial for various sectors of the economy, such as: mobility, transportation, the chemical industry, pharmaceuticals and the ent...
- Company: TotalEnergies EP do Brasil Ltda. (TotalEnergies EP do Brasil)
-
Total E&P do Brasil Ltda. is a wholly owned subsidiary of the French oil multinational Total Group. The company's portfolio comprises 17 offshore blocks, specializing in deep wa...
- Company: Blue Marine Telecom
- Company: Brava Energía
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
