The Brazilian company plans to reduce its participation in the refinery sector.
Higher crude prices and a series of pro-market reforms are factors that could offset the impact of high political risk, according to the latest BNamericas oil and gas Intelligence Series report.
The new 40,000m2 facility will house plants for the firm's main business lines in Chile: industrial, pharmaceutical and veterinary.
Mexico's state-run Pemex and German company Linde established an alliance regarding the long-term supply of hydrogen to Pemex's Ciudad Madero refinery.
Stricter compliance rules requiring suppliers to perform due diligence on their own suppliers could lead to a new purge among the many suppliers to state-owned oil giant Pemex, according to supplier association AMESPAC.