Braskem and SCG Chemicals join forces to advance in the bio-based Ethylene project in Thailand
17 Agosto 2023 - 5:00AM
Business Wire
The project in Thailand is planned to produce
200kt of I’m green™ bio-based polyethylene
Braskem, the leading global biopolymer producer, and SCG
Chemicals, a leading petrochemical company in Thailand and
Southeast Asia, have signed a joint venture (JV) agreement to
create Braskem Siam Company Limited. Subject to clearance from the
relevant anti-trust authorities and final investment decision by
the partners, this joint venture aims to produce bio-ethylene from
bio-ethanol dehydration and to commercialize I’m green™ bio-based
polyethylene (PE), using the EtE EverGreen™ technology. The
technology results from the partnership agreement between Lummus
Technology LLC and Braskem B.V. to develop and license this
technology.
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Braskem and SCG Signing Ceremony (Photo:
Business Wire)
I’m green™ bio-based polyethylene is a plastic made from a
sustainably sourced renewable raw material (ethanol from sugar
cane) instead of traditional fossil feedstock (e.g., naphtha from
oil). This promotes a significant reduction of the plastic’s carbon
footprint which helps combat Climate Change. I’m green™ bio-based
polyethylene is used in a variety of products, from packaging for
food and beverage to personal and home care products, toys,
houseware, and plastic bags, to name a few. It can also be
mechanically or chemically recycled just as regular
polyethylene.
The bio-ethylene plant, that will enable the production of the
I’m green™ bio-based polyethylene is the first of its kind outside
of Brazil. The new plant in Thailand will almost double the
existing capacity of I’m green™ bio-based polyethylene to meet the
growing demand for biopolymers globally, with a focus on the
fast-growing demand for sustainable products in Asia.
The combination of Braskem’s bio-based plastics know-how with
SCG Chemicals’ position in the Asian market and expertise in PE
production provides a solid business basis for the joint venture.
Braskem will contribute with proven technology through its
partnership with Lummus Technology, operational experience in the
ethanol dehydration process and the I´m green™ brand strength in
key global markets. SCG Chemicals will provide expertise in
high-quality polyethylene grades for different applications,
operational excellence in polyethylene manufacturing and market
reach in Southeast Asia.
Roberto Bischoff, CEO of Braskem said: “We are always looking
for opportunities to expand the I’m green™ bio-based PE offer to
deliver circular low carbon alternatives to our customers to meet
their increasing demand for sustainable solutions. This partnership
with SCG Chemicals is aligned with our commitment to produce 1
million tons of green products by 2030, replacing fossil with
renewable feedstock, and contributing to lowering the carbon
footprint of our industry.”
Tanawong Areeratchakul, Chief Executive Officer and President of
SCG Chemicals Public Company Limited or SCGC adds: “SCGC aims to
develop Green Innovation, for example, environmentally friendly
polymer (Green Polymer) and innovation for Low Carbon solution
through increasing Green Polymer product portfolio to reach 1
million tons annually by 2030 following ESG standards
(Environmental, Social, and Governance). This joint venture and
partnership between SCGC and Braskem for bio-ethylene production
for Green Polymer is one of the essential strategies of SCGC to
expand our green business, satisfying the soaring demand from
megatrend of environmentally friendly plastic which has a robust
growth rate, especially in Asia and Europe. Thus, this joint
venture aims to produce sugarcane-derived bio-ethylene instead of
fossil ethylene, by world-leading technology from the collaboration
of Braskem-Lummus. The business of the joint venture is in
accordance with the guidelines for the development of the
Bio-Circular-Green Economy: BCG model of Thailand”.
The project will be located in Map Ta Phut, Rayong,
Thailand.
About Braskem With a global vision of the future, guided
by people and sustainability, Braskem is engaged in contributing to
the value chain to strengthen the Circular Economy. The
petrochemical producer’s almost 9,000 team members are dedicated
every day to improving people's lives through sustainable solutions
in chemistry and plastics. With its corporate DNA rooted in
innovation, Braskem offers a complete portfolio of plastic resins
and chemical products for various industries, such as food
packaging, construction, manufacturing, automotive, agribusiness,
health and hygiene, and more. With 40 industrial units in Brazil,
United States, Mexico, and Germany, Braskem exports its products to
clients in over 70 countries.
Braskem on social media www.braskem.com
www.linkedin.com/company/braskem
About SCG SCG Chemicals or SCGC is a leading integrated
chemical player in ASEAN with strategic bases in Vietnam,
Indonesia, and Thailand, offering a full range of petrochemical
products ranging from upstream production of olefins to downstream
production of 3 main plastics resins: polyethylene, polypropylene,
and polyvinyl chloride. SCGC focuses on inventing "Innovation
That's Real" to drive the ASEAN economy and elevate the quality of
life in accordance with ESG and circular economy. SCGC develops
technology and innovation toward HVAs in infrastructure, consumable
packaging, automotive, health and well-being, and energy solutions,
while ensuring sustainable environmental stewardship. More
information: https://www.scgchemicals.com
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version on businesswire.com: https://www.businesswire.com/news/home/20230817494233/en/
For press information, please contact: Braskem North
America Stacy Torpey – (215) 841 3194 –
stacy.torpey@braskem.com
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