PHILADELPHIA, Jan. 21, 2021 /PRNewswire/ -- Compact Membrane
Systems, Inc. (CMS) and Braskem (B3: BRKM3, BRKM5 and BRKM6; NYSE:
BAK; LATIBEX: XBRK), the largest polyolefins producer in the
Americas and a leading producer of biopolymers in the world, are
pleased to announce the finalization of their joint development
agreement for a pilot-scale demonstration of CMS' proprietary
Optiperm™ olefin-paraffin separation technology.
Optiperm™, CMS' breakthrough membrane technology, is designed to
increase olefin production efficiency while decreasing waste
streams, lowering carbon emissions, and reducing total energy
usage. The modular nature of membranes allows olefin recovery from
small and large process streams alike, debottlenecking processes
and leveraging existing infrastructure in a more energy-efficient
manner. CMS and Braskem recognize that capturing olefins from
unused hydrocarbon process streams is essential to decreasing
environmental impact while continuing to create the chemical
building blocks for plastic resins and chemical products for
diverse customer segments, such as healthcare and hygiene, food
packaging, construction, manufacturing, automotive, agribusiness,
among others.
"CMS is excited to start executing on this project. Braskem has
a history of recognizing and deploying cutting edge technology,
making them an industry leader in innovation. An ideal partner for
Optiperm™ deployment, Braskem has the ability and vision to
implement the technology to realize its full potential," says
Erica Nemser, CEO of Compact
Membrane Systems.
This will be the second field demonstration of Optiperm™ and the
technology is applicable in a variety of processes. This
project will address the critical milestones of simultaneously
producing high purity (>90%) paraffin and olefin rich streams,
commercial scale membrane cartridges, and implementation of a
proprietary humidification method. Zeton, the world's leading
designer and builder of lab scale systems, pilot plants,
demonstration plants and modular systems, has been selected to lead
the pilot plant construction which is expected to begin in the
first quarter of 2021.
According to Gus Hutras,
Braskem's Process Technology Leader, "We share a belief with CMS
that innovation is a key concept driving enhanced competitiveness
and improved sustainability throughout our product chains.
Our expectation is that Optiperm™ will play an important role in
Braskem's ongoing innovation strategy." The pilot unit is
targeted to be deployed at a Braskem production facility in 2021
and operated for a period of 500 days. The successful demonstration
of its performance will pave the way for the roll out of Optiperm™
in a variety of process streams.
ABOUT COMPACT MEMBRANE SYSTEMS, INC.
(CMS)
Compact Membrane Systems (CMS) is dedicated to enabling the
clean energy transition and improving the efficiency of chemical
processing through membrane solutions. Located in Newport, DE, CMS harnesses the power of unique
fluoropolymers to provide durable and effective chemical separation
solutions in the toughest environments. CMS membranes can be used
independently or in conjunction with existing infrastructure to
recover and remonetize streams that would otherwise be undervalued
or wasted. CMS technology delivers new sources of revenue and
lowers costs for process industries including petrochemicals,
biogas, refining, specialty chemical and pharmaceuticals.
CMS combines innovative research with practical industry
know-how to deliver modular units with lower energy usage and
smaller footprints than existing separation technologies. From
polymer development, to product engineering, to system design, CMS
has the capabilities and partnerships to deliver projects of any
size. For more information or to learn more, visit
www.compactmembrane.com.
ABOUT BRASKEM
With a global vision of the future oriented towards people and
sustainability, Braskem is committed to contributing to the value
chain for strengthening the Circular Economy. The petrochemical
company's almost 8,000 team members dedicate themselves every day
to improve 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 net revenue of
R$52.3 billion (US$13.2 billion), Braskem exports its products to
clients in more than 100 countries.
Braskem America is an indirect wholly owned subsidiary of
Braskem S.A. headquartered in Philadelphia. The company is the leading
producer of polypropylene in the United
States, with six production plants located in Texas, Pennsylvania and West Virginia, an Innovation and Technology
Center in Pittsburgh, and
operations in Boston focused on
leveraging groundbreaking developments in biotechnology and
advanced materials. For more information, visit
www.braskem.com/usa.
FORWARD LOOKING STATEMENTS
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These statements are statements that are not historical
facts, and are based on our management's current view and estimates
of future economic and other circumstances, industry conditions,
company performance and financial results, including Braskem's
commitments to sustainability. The words "commits," "anticipates,"
"believes," "estimates," "expects," "plans" and similar
expressions, as they relate to the company, are intended to
identify forward-looking statements. Statements regarding the
implementation of operating, financing and other strategies and
capital expenditure plans, the direction of future operations and
the factors or trends affecting our financial condition, liquidity
or results of operations are examples of forward-looking
statements. Such statements reflect the current views of our
management and are subject to a number of risks and uncertainties,
many of which are outside of our control. There is no guarantee
that the expected events, trends or results will actually occur.
The statements are based on many assumptions and factors, including
general economic and market conditions, industry conditions, and
operating factors. Any changes in such assumptions or factors could
cause actual results to differ materially from current
expectations. Please refer to our annual report on Form 20-F
for the year ended December 31, 2019
filed with the SEC, as well as any subsequent filings made by us
pursuant to the Exchange Act, each of which is available on the
SEC's website (www.sec.gov), for a full discussion of the risks and
other factors that may impact any forward-looking statements in
this presentation.
Braskem on social
media:
www.facebook.com/BraskemGlobal
www.linkedin.com/company/braskem
www.twitter.com/BraskemSA
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SOURCE Braskem