Published by Todd Bush on July 24, 2023
SÃO PAULO--(BUSINESS WIRE)--In June, Braskem concluded a 30% increase in the production capacity of its bio-based ethylene plant, located in the Petrochemical Complex of Triunfo, Rio Grande do Sul, Brazil. The US$ 87 million investment aims to meet the growing global demand for sustainable products. The plant now operates at an increased capacity, from 200,000 to 260,000 tons/year. Braskem’s bio-based ethylene is made from sustainably sourced, sugarcane-based ethanol which removes CO2 from the atmosphere and stores it in products for daily use.
The initiative is an important advance in the company's ambition to increase the production of biopolymers to one million tons by 2030, and to become carbon neutral by 2050.
>> In Other News: Braskem America Awarded International Sustainability & Carbon Certification PLUS (ISCC PLUS) for all U.S. Production Facilities
"The expansion of bio-based ethylene capacity reinforces Braskem’s commitment to sustainable development and innovation and proves the success of the strategy we engaged in thirteen years ago, when we launched the world’s first bio-based polyethylene production at industrial scale, with proprietary technology. We want to meet society's and customers' demand for products with less impact on the environment,” explains Walmir Soller, O/P VP for Europe and Asia and responsible for the I’m greenTM bio-based business globally.
Each ton of plastic resin made from renewable feedstock represents the removal of 3 tons of CO2 from the atmosphere. Since the plant's beginning in 2010, more than 1.2 million tons of I’m greenTM bio-based polyethylene has been produced. The recent increase in production capacity will remove approximately 185,000 tons of CO2 equivalent per year.
Braskem is the world leader in the production of biopolymers. Today, the portfolio of bio-based resins is exported to more than 30 countries and is used in products from more than 250 major brands, such as Allbirds, DUO UK, Grupo Boticário, Johnson&Johnson, Natura & Co, Nissin, and Tetra Pak. These bio-based resins are used to manufacture packaging, bags, toys, housewares, industrial cables and wires, packaging films, hockey fields, and reusable water bottles among many other products.
The development and production of ethylene and resins from bio-based sources is the result of Braskem's continued investment in disruptive innovation and technology. Research, digital transformation, and bold partnerships are the foundations upon which Braskem searches for, and scales, sustainable solutions for society and the environment. Braskem’s current sustainability commitments include improving the circularity of plastics, promoting human-centric development, and leading the revolution in bio-based materials.
>> In Company Spotlight: Braskem
With a global vision of the future oriented toward people and sustainability, Braskem is committed to contributing to the value chain for strengthening the Circular Economy. The petrochemical company’s almost 9,000 team members dedicate themselves every day to improving people’s lives through sustainable chemicals and plastics solutions. Braskem has an innovative DNA and a comprehensive portfolio of plastic resins and chemical products for diverse segments, such as food packaging, construction, manufacturing, automotive, agribusiness, healthcare, and hygiene, among others. With 40 industrial units in Brazil, the United States, Mexico, and Germany, and exports its products to clients in more than 70 countries.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🔧 America Bets Big on Blue Hydrogen: Inside the Engine Revolution Backed by Top Institutions 🤖 Bringing AI to Carbon Capture: How Imperial College is Revolutionising Plant Operat...
Inside This Issue 💰 Shell, Equinor, Totalenergies to Invest $714 Million in Carbon Storage Expansion 🚢 AiPs Obtained for Liquefied CO₂ Carrier Design and Floating Liquefied Storage Facility 🌱 Stoc...
Inside This Issue 🌍 Innovating the Future: Gautam Swami's Global Journey in Low-carbon Energy and Finance 🌊 Captura Announces Sale of Carbon Removal Credits and Strategic Partnership With Mitsui O...
EFM and Meta Collaborate to Advance Climate-Smart Forestry in Washington State
PORTLAND, Ore.--Yesterday, EFM, a forest investment and management firm, and Meta announced that they have finalized a groundbreaking long-term contract for the delivery of 676,000 nature-based car...
Carbon Direct Releases Criteria for High-Quality Marine CDR in Collaboration with Microsoft
New standards aim to support buyers and developers in advancing scientifically rigorous, scalable mCDR solutions Key Takeaways: New standards for marine carbon dioxide removal (mCDR) – Carbon ...
dynaCERT Applauds the Expansion of the Ontario Hydrogen Innovation Fund
TORONTO – dynaCERT Inc. (TSX: DYA) (OTC: DYFSF) (FRA: DMJ) (“dynaCERT” or the “Company”) applauds the recently announced changes of March 31, 2025, proposed for the Ontario Government Hydrogen Inno...
$28 million project financing, inclusive of the completed sale of the Investment Tax Credit associated with the project, returns cash back to Energy Vault's balance sheet for the first resiliency c...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.