Abiquim increases projection of investments in the sector
Valor Econômico
The Brazilian Chemical Industry Association reviewed upwards the potential investment that may be made by the chemical and petrochemical companies until 2020. Nelson Pereira dos Reis, Executive President of the entity, believes the investments may get to US$ 167 billion.
Such survey is part of the National Pact of the Chemical Industry that had already been presented late last year and foresaw US$ 130 billion in investments. On Friday, after the data was reviewed in relation to the greater growth of the economy, the Abiquim delivered the document to the president of the BNDES, Luciano Coutinho. As it happened in the plastics chain that should receive R$ 700 million (US$ 389 million) in resources from the bank to support projects, Reis wants to understand such disbursements for other sectors of the chain." The purpose is not the classical replacement of the imports, but the generation of investment opportunities for the local production", he said. According to Reis, the deficit of the chain this year may overcome that of 2009, which was near US$ 16 billion.
Reis believes the funds from the BNDES may incentive the innovations to the sector. "This sector is very dynamic". Between today and Thursday, the chain shall debate market trends on the International Fair of Suppliers of the Chemical and Petrochemical Industry that will be held in São Paulo.
The investment plan of the sector will not necessarily be fully put into practice, since it depends on macroeconomic factors and on a favorable conjuncture to the chain. Nevertheless, considering the average growth rate of the GDP of 4% a year, US$ 87 billion in investments would be required for the increase of the productive capacity; another US$ 45 billion would be required get rid of the trade balance in the chain; US$ 20 billion in the development of a renewable capital goods industry, which could turn Brazil into the world leader in the green chemistry; and US$ 15 billion to add value and content to the raw materials extracted from the pre-salt layer.