MEXICO CITY, Dec 20 (Reuters) - Mexican chemicals company Mexichem said on Wednesday that it would not rebuild a petrochemical plant in southeastern Mexico that was badly damaged in a deadly explosion last year.
The vinyl petrochemical plant in the Gulf coast state of Veracruz was a joint venture between state oil firm Pemex’s petrochemical unit and majority owner Mexichem. The blast at the site in April 2016 killed more than 30 people.
Mexichem said in a statement that it had decided not to rebuild the production capacity and to discontinue the business. It added that the step did not mean a withdrawal from the tie-up with Pemex, nor would it affect the venture’s cash flow.
Reporting by Adriana Barrera and Julia Love