In Brazil, Novonor has confirmed a takeover offer from private equity investors Apollo and Abu Dhabi National Oil Company for its shares in petchems, plastics, and bioplastics producer Braskem. According to Reuters, Novonor owns a 38.3% stake in Braskem. State-owned energy giant Petrobras holds 36.1%, with the remaining 25.6% held by private investors. The bid […]
In Thailand, SCG Chemicals is teaming with Braskem to develop a 200,000 metric ton per year bioethelene manufacturing facility in the Map Ta Phut area of Rayong. The facility, which is set to be online by 2025, will produce feedstock for bio-based polyethelene plastic. Sugarcane and cassava are expected to be the feedstocks for the […]
In Pennsylvania, Braskem announced a project to evaluate an investment in producing carbon negative bio-based polypropylene (PP) in the U.S. The project would utilize Braskem’s proven, proprietary technology to convert bioethanol into physically segregated bio-based polypropylene. Braskem is exploring partnership opportunities for this project with several clients, brand owners, and suppliers. The U.S. is home […]
In Brazil, Braskem, the largest resin producer in the Americas and the world’s leading biopolymer producer, expands its production of I’m greenTM biopolymers; biobased plastics made from sugarcane. This exemplifies Braskem’s commitment to the circular economy and its ambition to become carbon neutral by 2050 and marks an important step towards a global change in […]
In Mexico, Braskem Idesa signed an investment agreement with Advario for a joint 50% stake in the construction and operation of an ethane import terminal in Mexico. The project’s total investment will be approximately US$400 million, construction will begin in July 2022, and it is planned to be completed by the end of 2024. The […]
In Brazil, Braskem and Sojitz have signed an agreement to establish a joint venture which will produce and market bioMEG (monoethylene glycol) and bioMPG (monopropylene glycol). Subject to the conclusion of technology development in 2022, the business plan includes the construction of three industrial units, with the startup of the first plant in 2025, taking […]
It’s quite a mish-mash in this week’s Top 8 Innovations starting with Frito-Lay’s biobased packaging that will also be quieter than the original packaging making it easier than ever to sneak those snacks in at the movies or for those midnight munchies. Then we’ve got seaweed-based tampons, repurposed coffee ground oils for personal care products, […]
In Brazil, Braskem and Sojitz Corporation have partnered to produce biobased monoethylene glycol and monopropylene glycol. Subject to the conclusion of technology development in 2022, the business plan includes the construction of three industrial units, with the startup of the first plant in 2025. The joint venture will combine Braskem’s expertise in the industrial production […]
In Texas, Lummus Technology announced that it has executed a memorandum of understanding (MoU) with Braskem Netherlands B.V., a subsidiary of Braskem, the largest biopolymer producer in the world. The MOU is for the licensing of Braskem’s green ethylene technology for two ethanol to ethylene conversion projects under development in North America and Asia, signaling […]
Mycelium is hot this week with 2 new innovations – one more appealing than the other. First, a fireproof but edible BBQ grill made from fungal mycelium, which is handy if you don’t grill enough food for everyone at your BBQ. The other, a “living” coffin made of mycelium and moss that takes 45 days […]
