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 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 […]
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 Thailand, Braskem has signed a memorandum of understanding (MOU) with the SCG Chemicals, one of the largest integrated petrochemical companies in Thailand and an industry leader in Asia, to perform studies to jointly invest in a new bio-ethanol dehydration plant in Thailand to produce bio-ethylene and bio-based polyethylene. If the feasibility studies are approved […]
In Thailand, Braskem and SCG Chemicals are considering a joint venture to produce biobased ethylene for conversion into polyethylene plastic. Braskem already produces biobased PE at its facility in Triunfo, Brazil, which it sells under the tradename I’m greenTM. “Amidst the ever increasing demand for circular economy and sustainable solutions worldwide, we keep looking for […]
In Brazil, Braskem has launched the world’s first polyethylene (PE) wax from a renewable source, intended for the production of adhesives, cosmetics, paints and compounds used in the transformation of thermoplastic resins. The product, commonly used as a viscosity modifying agent in several formulations, has the same properties and performance as the version made with […]
In Brazil, Braskem will expand its capacity to produce green ethylene, a raw material produced from sugar cane ethanol and used to produce renewable resins that capture CO 2 from the atmosphere. The industrial unit for this product is located in Triunfo, in Rio Grande do Sul, and the current capacity, of 200,000 metric tons […]
In Brazil, Agilyx and Braskem have initiated a feasibility study to explore the development and construction of an advanced plastics recycling project in North America. The project aims to examine an efficient pathway to produce polypropylene (PP) using difficult-to-recycle mixed waste plastic, powered by Agilyx advanced recycling technology. Mixed waste plastics for this project would […]
