PHILADELPHIA, Jan. 20, 2022 /PRNewswire/ -- Braskem (B3:
BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) ("Braskem"), the
largest polyolefins producer in the Americas, as well as a market
leader and pioneer producer of biopolymers on an industrial scale,
and Repauno Port & Rail Terminal ("Repauno"), announces today
that the parties successfully completed the first propylene import
in more than a decade to the United States East Coast. The
vessel arrived at Repauno's new multi-use port terminal facility
for energy products in Gibbstown, New
Jersey. Today's announcement follows a strategic initiative
by Braskem to further enhance its feedstock optionality to supply
propylene to its polypropylene (PP) manufacturing facility located
in Marcus Hook, Pa. and allow the
business to capture arbitrage opportunities for competitive
propylene abroad.
Alexandre Elias, VP
Polypropylene, Braskem America, stated, "Our new partnership with
Repauno provides Braskem with increased flexibility and optionality
to import propylene particularly when international prices are
competitive. Additionally, it provides the flexibility to
import in the event of supply disruptions to the asset. I am
extremely proud of our team for bringing this opportunity to
fruition, and successfully completing the import delivery."
Braskem's Marcus Hook facility
produces 415 kilotons of polypropylene each year, which are used in
medical, automotive, food packaging, and appliance applications.
Since Braskem acquired the plant in 2010, it has expanded the
production capacity of the plant by 25 percent through multiple
improvement projects. In early 2020 during the beginning of the
COVID-19 pandemic, Braskem's Marcus
Hook based manufacturing team members lived on site at the
production facility for 28 days to ensure the continuous supply of
raw material to produce medical personal protective equipment (PPE)
such as N-95 respirator masks, medical gowns, as well as other
healthcare packaging caps and closures.
Repauno Port & Rail Terminal ("Repauno") is located on a
1,600-acre site along the Delaware River in Greenwich Township, New Jersey, one of the
most active maritime markets in the nation. Repauno offers
tremendous logistical optionality as it sits directly on the
Delaware River, served by Conrail with access to CSX and Norfolk
Southern, and easy truck access to I-295 and I-95 highways.
Additionally, the site features a new multi-purpose dock with
40-foot draft, capable of safely handling a wide variety of
products and available acreage with build-to-suit logistical
solutions available for development.
To support the sustainable use of polypropylene through the
development of, and investment in, the circular economy, Braskem
America is a founding member and funding partner of the
Polypropylene Recycling Coalition, with a primary focus on
increasing U.S. polypropylene recovery and reuse. To learn more
about the Polypropylene Recycling Coalition, the founding members,
and how to join, visit
https://recyclingpartnership.org/polypropylene-coalition. For
additional information about Braskem's circular economy position
please visit online at
www.braskem.com/circulareconomy.
ABOUT REPAUNO
Repauno Port & Rail Terminal
("Repauno") is located on a 1,600-acre site along the Delaware
River in Greenwich Township, New
Jersey, one of the most active maritime markets in the
nation. Formerly the home of a DuPont manufacturing facility, the
site is being redeveloped into a multi-use Port facility for energy
products, roll-on/roll-off, project cargo, bulk cargo, warehousing,
and logistics. For more information about Repauno please visit
www.repauno.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 41 industrial units in Brazil, the United
States, Mexico, and
Germany, Braskem exports its
products to clients in more than 80 countries.
Braskem America, Inc.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.
This press release shall not constitute an offer to sell, or the
solicitation of an offer to buy, any securities of Braskem or any
other company.
Braskem on English social
media:
www.facebook.com/BraskemGlobal
www.linkedin.com/company/braskem
www.twitter.com/BraskemSA
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SOURCE Braskem