Brazil's Innova, the styrene unit of state-controlled energy giant Petrobras, is located in Triunfo, Rio Grande do Sul state. The company produces styrene, polystyrene and ethylbenzene, which are raw materials for the production of synthetic rubber, acrylic and polyester resins used in the manufacture of disposables, paper, tires, paints, packaging and other goods. In 2011, Petrobras acquired full control of petrochemical firm Innova from Petrobras Energía Internacional, a wholly owned subsidiary of Petrobras Argentina. Innova was founded in 1996 and is based in Porto Alegre, Brazil.
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